indonesia-mandates-three-for-sovereign-bond

Indonesia mandates three for sovereign bond

Indonesia picks Credit Suisse, Deutsche Bank and Lehman Brothers to manage its $1.5 billion bond transaction. Meanwhile, PT Truba and Korea Rail release guidance on their deals.
The Republic of Indonesia has mandated Credit Suisse, Deutsche Bank and Lehman Brothers for a bond transaction that is reported to be as large as $1.5 billion. The leads were selected from a shortlist of five banks that also included Barclays Capital and UBS.

The funds will be used to cover the sovereign's budget deficit.

In January, Indonesia priced a $2 billion deal via Barclays, HSBC and Lehman Brothers. While HSBC and Barclays were rotated out, market observers werenÆt surprised to see Lehman on this latest mandate. Mira Arifin, Lehman's head of debt capital markets for Indonesia, is reported to have extremely strong relationships in the country. Formerly employed by UBS, she is...
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