Republic of Indonesia looks for new benchmark

Republic launches roadshows for international bond as markets weaken.

The Republic of Indonesia launches roadshows today March 17 for a new $1 billion 10-year benchmark. Under the lead management of Citigroup, Deutsche Bank and UBS, two government teams will lead presentations ahead of pricing next Wednesday or Thursday in New York.

Team one led by Minister of State Owned Enterprises, Sugiharto, will cover the West Coast of the US, while team two led by capital markets supervisory agency chief, Anwar Nasution, will visit London before both teams converge on the US East Coast.

The Republic has a very clear pricing benchmark since it is coming to the market almost a year to the day...

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