Indonesia, Kexim bonds take Asia by storm

Both deals received whopping responses from investors pleased with Indonesia’s generous offering for its largest-ever bond and Kexim’s return to capital markets, riding on Korea’s safe haven status.

Two dual-tranche bond issues launched in the past few days have taken the markets by storm a positive sign as the new year gets under way.

The Republic of Indonesia’s ROI $4 billion dual-tranche bond split equally into 10- and 30-year buckets was heavily oversubscribed, receiving a total order book of $18 billion from more than 700 accounts globally.

The same goes for The Export-Import Bank of Korea’s Kexim $1.5 billion dual-tranche paper split equally between a three-year floating rate note FRN and 10-year SEC-registered fixed-rate bond which received a total order book of $6.4 billion from 365 accounts globally.

Both deals have...

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