Pertamina sells Indonesia’s biggest dollar bond

The Indonesian oil-and-gas giant returns with a $3.25 billion jumbo, widening its investor reach.

Pertamina sells Indonesia’s biggest dollar bond

Pertamina, an Indonesian state-owned oil-and-gas company, visited the market for the third time on Tuesday with a $3.25 billion bond the biggest US dollar bond from an Indonesian borrower on record, according to Dealogic.

The jumbo bond came at a busy time for debt markets in Asia, as well as globally, with Brazilian oil-and-gas company Petrobras selling an $11 billion bond on Monday and Apple selling a $17 billion bond last month the biggest corporate...

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