Investors flock to Indonesian bonds
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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