Investors flock to Mandiri’s inaugural sustainability bond

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By Morgan Davis
13 Apr 2021

Indonesia's Bank Mandiri has sold its first sustainability bond, raising $300m after an order book that was more than 10 times subscribed at its peak.

The deal was popular on multiple fronts, allowing the borrower to tighten the price of its trade more than any other dollar bond from Asia in the market on Monday, bankers on the transaction said.

Mandiri is a relatively rare issuer in the dollar market, and ...

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