Indonesia jumpstarts 2020 funding with dollars, euros

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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