Indonesia fuelled by success of bond deal

Buttressed by well received oil subsidy cut, Indonesia prices second dollar-denominated bond this deal.

The Republic of Indonesia came back to the international bond markets late Wednesday Oct 5 with a dual tranche $1.5 billion Reg-S 144A deal via joint leads Citigroup, Credit Suisse First Boston and Merrill Lynch. Despite being the subject of much debate thanks to its precarious timing so soon after the Bali bombings, the B2BBB- rated deal came through unscathed and gathered a healthy final book totaling $4.25 billion.

The deal was upsized twice during the bookbuild, rising from $1 billion to $1.25 billion and then again to the final issue size of $1.5 billion.

A $900 million 10-year tranche was priced at 99.139%...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222