Indonesia hits bond market with $2 billion issue

The Republic of Indonesia starts the year aggressively with the issue of a tightly priced 10-year bond.

Indonesia has been quick to follow the Philippines with the issue of its first sovereign bond in 2010. The $2 billion SEC-registered deal was jointly arranged by Barclays Capital, Citi and Credit Suisse and was described by one banker as Indonesia's best transaction to date from a pricing perspective.

This 10-year deal, which was issued off Indonesia's global medium term note programme, was not without its share of controversy, however, with rival bankers and the...

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