Indofood draws crowds with Rp1 trillion bond issue

Indonesian investors are clamouring for a piece of Indofood''s proposed Rp1 trillion bond issue.

There is keen interest in Indofood Sukses Makmur's proposed Rp1 trillion $116 million five-year bond issue - a presentation in Jakarta earlier this week drew around 1,000 people, the bulk of whom were not just there for the free noodles. Indonesian insurers, among others, need rupiah assets to match their liabilities and there is a shortage of creditworthy issuers in the market to satisfy their demand. Hence the excitement caused by Indofood, the world's biggest noodlemaker, which...

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