Mandiri cleans up

Indonesia''s largest bank launches its most successful international bond deal to date.

Rated five notches lower than the Republic of the Philippines, Bank Mandiri, nevertheless, managed to price 50bp tighter last Friday on the completion of a $300 million bond deal. The B-B3 rated Reg S transaction was upsized from $200 million and is likely to be increased again to $360 million sometime this week if Bank Indonesia gives its approval for the exercise of a 20% greenshoe.

Books were also closed early by lead managers Credit Suisse First...

To continue reading, please login or register for free

Click for more on: mandiri | cleans

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...