Indonesia prices $1.5 billion bond at tightest spreads ever
Yet another issuer prints a curve-busting deal at record-low pricing and record-high size.
The Republic of Indonesia has priced a $1.5 billion 30-year deal with all-time tight spreads and all-time low yields.
The sovereign had earlier telegraphed a $2 billion deal, but eventually realised that a smaller deal offered the best value û though it hardly seems fair to talk about this deal as small. No Asian issuer has ever raised more from a single tranche in the G3 bond markets, though the Philippines has matched it.
The bonds were printed with a...
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