Indofood bond tipped to yield 16%

Indofood''s Rp1 trillion five-year bond issue is likely to yield 16% - the middle of its suggested range.

Indofood's Rp1 trillion $116 million five-year bond issue is likely to yield just 16% when final pricing is decided next week. The expectation is it will probably turn out mid-market of the range 15.75%-16.25%, says one of the joint lead underwriters.

He says that domestic investors and the Indonesian arms of foreign insurers showed strong interest during pre-marketing. Overseas players, however, are largely steering clear.

The issue will also now be a straightforward Rp1 trillion bond with...

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