Indonesia diversifies with debut €1bn bond

The Southeast Asian sovereign attains a record-breaking order book with its first euro bond in an effort to diversify funding and establish a benchmark.

Indonesia diversifies with debut €1bn bond

The Republic of Indonesia launched a 1 billion $1.37 billion seven-year bond on Wednesday, the country’s first in the euro space, achieving an order book that far exceeded expectations.

The sovereign received 6.7 billion of orders from more than  400 accounts or an oversubscription multiple of 6.7 times the largest ever in its overall bond history, according to a source close to the transaction. The previous biggest oversubscription multiple was 6.5 times for Indonesia’s...

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