Indonesia squeezes through narrow window for bond

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By Morgan Davis
06 Dec 2018

The Republic of Indonesia seized an opportunistic window after the G20 summit to raise $3bn in its annual dollar funding exercise. While the issuer’s timing was impeccable, it was still forced to pay a double-digit premium to attract cautious investors. Morgan Davis reports.

While hugely successful in capturing a short-lived window for its bond on Monday, Indonesia’s SEC-registered transaction stood in stark contrast to its debut SEC trade from last December.

A year ago, Indonesia raised $4bn, attracting investors with its SEC registration, as well as a popular 30 year note. ...

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