Indonesia swoops in with $3 billion bond

Indonesia raises $3 billion in a dual-tranche bond that is expected to conclude its conventional offshore funding needs for the year.

Indonesia swoops in with $3 billion bond

The Republic of Indonesia priced a $3 billion dual-tranche bond early Tuesday morning, swooping into debt markets and getting the bulk of its offshore funding needs done and dusted early in the year. The deal size was split evenly between a 10- and 30-year tranche.

“Indonesia is expected to raise $3 billion to $5 billion through offshore markets, so this should conclude its fund raising in conventional format,” said one source. “It might issue in...

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