Indonesia, Korea pick banks as sovereign bond rush looms

The Republic of Korea named six banks on Tuesday for a deal that has been scheduled for the second week of September, while the Republic of Indonesia - Asia's biggest sovereign borrower - hired three for a landmark global sukuk, its first international Islamic bond. The high-profile mandates are a welcome boost for the Asian bond market, but bankers cautioned that neither deal would be straightforward. Go to www.euroweek.com/asia — now updated daily — for the full story and read EuroWeek Asia this Friday for a full report.