Astra Sedaya sells $300m bond after 15-year hiatus

Indonesian car financing firm returns to the global debt markets with a vengeance, upsizing it from a reported $250 million as investors seek diversification away from China.

Astra Sedaya priced a $300 million three-year bond on Wednesday at the lower range of final price guidance after a 15-year hiatus for the Indonesian car financing company, upsizing it from a reported $250 million.

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