Pertamina sells Indonesia’s biggest dollar bond

The Indonesian oil-and-gas giant returns with a $3.25 billion jumbo, widening its investor reach.
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Pertamina is the world's biggest producer and exporter of LNG
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<div style="text-align: left;"> Pertamina is the world's biggest producer and exporter of LNG </div>

Pertamina, an Indonesian state-owned oil-and-gas company, visited the market for the third time on Tuesday with a $3.25 billion bond the biggest US dollar bond from an Indonesian borrower on record, according to Dealogic.

The jumbo bond came at a busy time for debt markets in Asia, as well as globally, with Brazilian oil-and-gas company Petrobras selling an $11 billion bond on Monday and Apple selling a $17 billion bond last month the biggest corporate bond ever.

Investors have piled into debt in recent times to beat low deposit rates. It was a similar story with Pertamina. The deal attracted $14.4 billion worth of orders across both...

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