Yet, the order book was more than three times subscribed which allowed the Republic to raise the transaction size from $1.5 billion and tighten final pricing inside initial guidance. ôDemand reflected the marketÆs confidence in IndonesiaÆs sound fiscal policy management and inflation fighting credentials,ö says a banker close to the deal.
The bonds are rated BB- and Ba3 by Standard PoorÆs and MoodyÆs Investors Service respectively, which is three...
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