Mandiri launches high yield bond

Indonesia''s biggest bank hopes to begin presentations in Jakarta on Monday for a $200 million deal.

Pending final regulatory sign-offs, joint leads Credit Suisse First Boston and UBS Warburg plan to launch a $200 million five-year fixed rate deal for Bank Mandiri in Jakarta on Monday. Presentations for the senior debt deal will continue in the Indonesian capital until the end of the week when the team moves to Singapore on Friday. A scheduled stop in Hong Kong after this is unlikely to happen, however, and final presentations will be conducted by telephone before pricing around April 14.

There will be no European roadshows this time round and the deal will consequently have a heavy Asian slant, although the Mandiri is hoping to pick-up supplementary demand from the Continent....

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