FIF navigates pricing debates to seal $300m bond

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By Morgan Davis
03 May 2018

Indonesia’s Federal International Finance raised $300m from its first dollar bond on Wednesday, managing to tighten pricing marginally despite investor pushback.

Finding a fair price for FIF’s bond proved the most challenging part of the transaction. There were no direct comparables, as the company does not have any outstanding notes and there are no similar credits to reference, said a syndicate banker on the deal. Quasi-sovereign Indonesian three year ...

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