Indonesia jumpstarts 2020 funding with dollars, euros

Indonesia_flag_PAImages_8Jan2020
By Morgan Davis
08 Jan 2020

The Republic of Indonesia made an opportunistic outing this week, tapping both the dollar and the euro bond markets for about $3bn. The sovereign started the year with a different approach to its annual funding, in a bid to take advantage of strong liquidity in both the currencies, writes Morgan Davis.

The Baa2/BBB/BBB rated sovereign was last in the offshore market in October with a dual-currency deal that raised more than $2bn. That transaction caught many in the market by surprise, as the country is known for its predictable funding exercises that typically start with a dollar bond sale in ...

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