Indonesia $4bn blowout rivals Asia sovereign record
Indonesia burst on to the market in style this week with a $4bn dual tranche extravaganza that equalled the largest ever bond from an Asian sovereign. A colossal order book, record US participation and a strong secondary performance for the 10 and 30 year issue demonstrated that with the right strategy and spread, Asian sovereigns that were under pressure just a few months ago can bring blowout deals, writes Steve Gilmore.
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