Indonesia shortlists banks for benchmark bond

The Republic of Indonesia has shortlisted banks for its benchmark bond and is expected to mandate three or four bookrunners after hearing presentations later this week.

The Republic of Indonesia ROI has shortlisted seven to eight banks for its upcoming benchmark bond. The banks that have been shortlisted are said to include Barclays Capital, Citi, Deutsche Bank, HSBC, J.P. Morgan, Standard Chartered and UBS.

It is unclear if Credit Suisse a bank that many consider a key contender for any deal involving the Republic of Indonesia is also on the shortlist.

The deal will be the sovereign’s first global bond under its new finance minister Agus Martowardojo, who replaced Sri Mulyani Indrawati in May last year. The reshuffling is expected to add some uncertainty to the selection process.

The request for proposals RFP was sent out...

¬ 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