Savvy Indonesia grabs $3bn, keeps global investors keen

The Republic of Indonesia sold one of its classic blockbuster deals this week, raising more than $3bn from a three-tranche bond in euros and dollars. The transaction was a mix of self-promotion and opportunism — and further cements the country’s reputation as one of the savviest issuers in the region, writes Morgan Davis.

  • By Morgan Davis
  • 13 Jul 2017
The sovereign launched all three tranches on the same day, the first time it has sold dollars and euros at the same time. But Indonesia’s confidence was understandable. It was the country’s first debt offering since S&P upgraded it to BBB- in May, taking the country to full ...

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Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

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1 CITIC Securities 13,827.70 78 5.93%
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4 Morgan Stanley 9,964.98 53 4.28%
5 China Securities Co Ltd 9,861.82 46 4.23%

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5 Standard Chartered Bank 16,034.80 121 4.16%

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