Indonesia satisfies funding needs with $2.5 billion 10-year bond

Indonesia prices its $2.5 billion 10-year bond, closing one of the largest single tranche dollar bonds by an Asian borrower.

The Republic of Indonesia late last night priced a $2.5 billion 10-year bond at a yield of 5.1%, at the final guidance.

The coupon was fixed at 4.875%, the lowest coupon ever achieved by Indonesia for a 10-year dollar bond. The notes were reoffered at 98.254.

The leads had told investors that Indonesia would raise between $2 billion to $2.5 billion and it ended up achieving the high end of...

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