indonesia-mandates-three-for-sovereign-bond

Indonesia mandates three for sovereign bond

Indonesia is due to tap the bond market again next year with a deal reported to be $2 billion in size.
The Republic of Indonesia has mandated Barclays, Lehman Brothers and HSBC to manage a reported $2 billion deal, due to be issued next year.

IndonesiaÆs last market foray dates back to February when the sovereign raised $1.5 billion in bonds via Citi, Deutsche Bank and UBS.

Despite an increasingly expansionary budget, an HSBC credit research report released in August 2007 states the government's finances are in good shape. Its debt-to-GDP ratio is set to fall to 33% in 2008 from 35.5% in 2007, although the countryÆs deficit, due to increase from 1.6% in 2007 to 1.7% in 2008, is much higher than the 0.9% low achieved in 2005, and 1.3% in 2006.

Analysts in...
¬ Haymarket Media Limited. All rights reserved.

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