Indonesia mandates three for sovereign bond

Indonesia is due to tap the bond market again next year with a deal reported to be $2 billion in size.

The Republic of Indonesia has mandated Barclays, Lehman Brothers and HSBC to manage a reported $2 billion deal, due to be issued next year.

IndonesiaÆs last market foray dates back to February when the sovereign raised $1.5 billion in bonds via Citi, Deutsche Bank and UBS.

Despite an increasingly expansionary budget, an HSBC credit research report released in August 2007 states the government's finances are in good shape. Its debt-to-GDP ratio is set to fall to 33% in 2008...

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