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...