Indonesia revels in quickfire hit but blamed for late show
The Republic of Indonesia defied weak market conditions late yesterday (Thursday) to launch a record $3bn five and 10 year bond that drew orders worth over $7bn.
Indonesia priced a $1bn five year benchmark due May 2014 at a yield of 10.5%, while the $2bn 10 year tranche due March 2019 came at 11.75%.
Both tranches came at the tight end of price guidance and the size of the deal surpassed initial expectations of a $1.5bn
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