Indonesia mandates three for dollar denominated bond

Indonesia looking to follow in the success of the Philippines.

Following a hard fought mandate process the Republic of Indonesia has mandated Barclays, JPMorgan and UBS to lead a dollar-denominated benchmark in hopes of being the second sovereign to take advantage of the excess liquidity in the market following the success of the Republic of Philippines 1.5 billion 25-year and E500 million 10-year offering two weeks ago.

Barclays, JPMorgan, Morgan Stanley and UBS had been short listed, with Citigroup rumoured to have managed to...

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