With a US rate hike looming, the Republic of Indonesia made a head start on its 2017 funding needs with a $3.5 billion bond sale that is the largest this year from an Asian sovereign issuer.
The timing of the Republic of Indonesia's deal the first by a sovereign anywhere since Donald Trump's shock victory in the November 8 US poll was key. It tapped markets on Thursday, a day ahead of the US jobs report for November and ahead of a potentially destabilising constitutional referendum in Italy this weekend.
One syndicate banker said more countries could follow Indonesia by making an early start on fundraising....
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