Indonesia’s Tunas Baru secures maiden dollar bond sale

Indonesia’s Tunas Baru Lampung printed its first international bond on Wednesday, a few months after attempting a transaction in Singapore dollars.

  • By Morgan Davis
  • 18 Jan 2018

The palm oil and sugar producer has been eyeing the international debt market for months, and first tried to sell a Singapore dollar deal in mid-2017. But that trade never came to fruition.

While Tunas Baru has not officially commented on why the deal didn’t go through, Lakshmanan ...

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Rank Arranger Share % by Volume
1 China Merchants Securities Co 15.61
2 Industrial and Commercial Bank of China (ICBC) 12.40
3 CITIC Securities 8.90
4 Agricultural Bank of China (ABC) 7.75
5 China CITIC Bank Corp 6.89

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1 Goldman Sachs 17,340.89 84 7.59%
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4 UBS 13,054.43 87 5.71%
5 China International Capital Corp Ltd 11,355.46 47 4.97%

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1 HSBC 25,355.89 219 7.61%
2 Citi 23,281.57 154 6.98%
3 JPMorgan 15,663.09 97 4.70%
4 Goldman Sachs 13,611.73 66 4.08%
5 Bank of America Merrill Lynch 13,338.92 85 4.00%

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