Investors flock to Indonesian bonds

Indonesia_flag_PAImages_14Jan2020
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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