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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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.62
2 CITIC Securities 21.06
3 China CITIC Bank Corp 9.72
4 China Merchants Bank Co 9.18
5 Industrial and Commercial Bank of China (ICBC) 7.56

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 2,028.67 5 17.77%
2 Citi 773.86 5 6.78%
3 China International Capital Corp Ltd 547.16 2 4.79%
4 Huatai Securities Co Ltd 523.08 4 4.58%
5 UBS 502.73 3 4.40%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 3,253.25 9 9.90%
2 JPMorgan 2,546.55 5 7.75%
3 Citi 2,243.22 14 6.83%
4 HSBC 2,073.03 17 6.31%
5 Morgan Stanley 1,884.73 8 5.74%

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