Indonesia breaks euro record

Republic raises €3 billion from dual-tranche transaction, more than double the amount raised from its 2015 euro-denominated issue.

Indonesia breaks euro record

The Republic of Indonesia entered the international bond markets for the second time this year on Tuesday, raising a record-breaking 3 billion $3.4 billion from a dual-tranche transaction.

The split seven- and 12-year deal was more than twice the size of the sovereign's last euro-denominated offering in July 2015 and achieved an impressive peak order book of 8 billion according to one syndicate banker.

However, its market entry follows the...

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