Bank Mandiri begins roadshows

The state-owned bank launches the first international bond deal from a sovereign entity since the financial crisis.

About 90 people are said to have attended the opening presentation in Jakarta yesterday (Wednesday) for the CCC+/B3-rated bank's $100 million five-year FRN with three-year call and puts. There will now be a break for Ramadan before presentations commence again in Singapore on December 3 and Hong Kong on December 4, with pricing thereafter.

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