Those that do manage to issue bonds are paying through the nose for the privilege.
Morgan had already helped Bumi Resources issue bonds and advised Berau on a Jakarta listing.
Many firms are now choosing to issue bonds rather than take out bank loans.
These are not retail buyers but supposedly sophisticated investors, some of whom issue bonds themselves.
Since 1994, provinces and lower-tier governments have not been permitted to issue bonds or borrow from banks.
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However, only about 20 Mexican companies have ever been able to issue bonds that the Siefores have bought.
They also demanded stricter water-conservation rules and tried to issue bonds to pay for building and maintaining infrastructure.
These vehicles take loans, issue bonds or pool capital with private firms to fund infrastructure projects, including housing.
Or do that, wait a bit, issue bonds at a better price, retire the new money and carry on.
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It must now check its math before it would take the final plunge and issue bonds to finance the deal.
Many investors also want the eurozone to issue bonds guaranteed by every one of the 17-member nations - so-called eurobonds.
Although in theory the city banks are allowed to issue bonds in the domestic market, the finance ministry discourages this.
So the government will have to issue bonds to cover the difference.
The most critical decision will come in August, however, when the city must decide if it will issue bonds to pay for the venture.
If Apple wanted cheap money it would issue bonds the way both Microsoft and IBM have recently, at laughably low interest costs.
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In its budget presented late February, the government had announced that it will issue bonds whose coupon rate will be adjusted to reflect changes in inflation.
But some companies are balking at the extra time and expense needed to reach out to Europeans when they can issue bonds relatively cheaply in Hong Kong.
There is talk that localities will be allowed to issue bonds to permit them to refinance bank debt, but there are two fundamental problems with this plan.
Khamenei could not have granted permission to issue bonds eagerly.
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In October, for example, the government announced it would issue bonds worth 235 billion rupees this fiscal year, which will compensate oil-market companies for about 43% of their losses.
Mr Kim is trying to soften the blow by promising to issue bonds that would increase the unemployment fund from its current 1.2 trillion won to 4.5 trillion won.
Even if its net debt were zero, a government could still foster a liquid bond market by continuing to issue bonds and investing the proceeds in domestic or foreign private-sector assets.
Since almost no small businesses issue bonds or commercial paper, the real American job creators are effectively cut out of the foreign investment market while big business has access to cheap money.
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Likewise, why should companies not issue bonds paying 7-8% to buy back stock paying only 1% if the stock will be 20% higher in a year, partly thanks to the buyback itself.
In asking MPs to endorse the Bill, UK Ministers will draw attention to the changes - for example, the power to issue bonds - which have been introduced since the measure was last before the Commons.
Hamilton insisted that the federal government take over those debts and issue bonds for them, and he also insisted, in the face of considerable opposition, including that of Thomas Jefferson, on setting up a strong national bank.
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But despite all the inefficiencies of the samurai market, which make it a costly place to issue bonds, it is cheaper at present for them to borrow yen and swap the proceeds into dollars than to borrow dollars directly.
And while all of the big emerging markets, the so-called BRIC nations of Brazil, Russia, India and China, are investment grade, as are many of their companies that issue bonds, none of their debt is as safe as US Treasury bonds.
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It is true that Ken is no longer as red as he was in the 1980s. (Who is?) Some of his new ideas for London, such as a proposal to issue bonds to finance investment in the Tube, are perfectly sensible.
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