Indonesia fuelled by success of bond deal

Buttressed by well received oil subsidy cut, Indonesia prices second dollar-denominated bond this deal.

The Republic of Indonesia came back to the international bond markets late Wednesday Oct 5 with a dual tranche $1.5 billion Reg-S 144A deal via joint leads Citigroup, Credit Suisse First Boston and Merrill Lynch. Despite being the subject of much debate thanks to its precarious timing so soon after the Bali bombings, the B2BBB- rated deal came through unscathed and gathered a healthy final book totaling $4.25 billion.

The deal was upsized...

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