Indonesia bond

Indonesia prices long bond tightly, but slips in trading

Indonesia raises 30-year money and Philippine port operator ICTSI reopens its hybrid issue, but both deals trade below their issue price in the secondary market.

<div style="text-align: left;"> Indonesia is the second sovereign after the Philippines to tap the dollar market in 2012 (AFP) </div>

Denise Wee

January 11, 2012

The Republic of Indonesia became the second sovereign to tap the dollar bond market in 2012 when it priced a $1.75 billion 30-year global early Tuesday morning. It is the biggest long-dated bond from an Asian borrower this year and carries the lowest yield for a new 30-year bond from the region.

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