Investors flock to Indonesian bonds

By Morgan Davis
14 Jan 2020

Two Indonesian deals brought international investors some relief from the onslaught of Chinese bonds on Monday. Pertamina and Tower Bersama Infrastructure netted a combined $1.85bn from three tranches of notes.

Oil and natural gas company Pertamina is no stranger to the dollar market, but the relative rarity of Indonesian state-owned names helped draw investor attention to its bond.

"It's one of those companies that ticks all of the boxes for investors," said a syndicate banker on the ...

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