Indonesia and KDB revive hope for bond issuers
Two new deals totalling $3 billion price on Friday, possibly marking the beginning of renewed activity in Asia's international bond markets.
After weeks of inactivity, AsiaÆs G3 bond markets came to life again on Friday morning with both Indonesia and Korea Development Bank KDB pulling off large deals.
The Indonesian sovereign deal, led by Barclays Capital, HSBC and Lehman Brothers, totalled $2 billion and included a $1 billion 10-year tranche and a $1 billion 30-year tranche priced to yield 6.95% and 7.75% respectively. The transaction, rated Ba3BB-BB-, attracted a total demand of $3.2 billion, split evenly across...
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