Indonesia accelerates new dollar bond issue

Six banks are in the running for Indonesia''s second dollar bond of the year.

After witnessing its currency's biggest drop since January 1999, the Indonesian government has stepped up efforts to stabilize the rupiah and calm investor jitters by raising interest rates and announcing further details of a new dollar bond issue.

The government has shortlisted six overseas banks to handle a second $1 billion sovereign bond to ease an estimated at Rp40 trillion $3.87 billion budget shortfall. They include Credit Suisse First Boston, HSBC, Citigroup, Goldman Sachs, Lehman...

To continue reading, please login or register for free

Click for more on: indonesia | accelerates | dollar | bond | issue

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 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 ...