Indonesia shortlists banks for benchmark bond

The Republic of Indonesia has shortlisted banks for its benchmark bond and is expected to mandate three or four bookrunners after hearing presentations later this week.

The Republic of Indonesia ROI has shortlisted seven to eight banks for its upcoming benchmark bond. The banks that have been shortlisted are said to include Barclays Capital, Citi, Deutsche Bank, HSBC, J.P. Morgan, Standard Chartered and UBS.

It is unclear if Credit Suisse a bank that many consider a key contender for any deal involving the Republic of Indonesia is also on the shortlist.

The deal will be the sovereign’s first global bond under its...

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