UBS and Barclays Capital have been asked by Indonesia to arrange a $4 billion global medium-term note GMTN programme, and will lead the sovereign's roadshow across three continents during the next two weeks.
Although no immediate plans for a new issue have been announced, and no mandate has yet been given to any bank to lead manage a note offering, news of a forthcoming transaction can reasonably be anticipated.
The roadshow, which will include Ministry of Finance officials, travels to Europe and then the United States this week, and completes its tour next week in Asia. Finance minister Sri Mulyani Indrawati will visit select locations according to a banker familiar with...
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