Indonesia Sells $2.5 Billion Dollar Bonds in Record Start
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Indonesia sold $2.5 billion of 10-year dollar bonds after attracting bids for almost three times that amount, tapping appetite for the assets of developing economies that are poised to grow faster than advanced nations.
Southeast Asia’s largest economy sold the 4.875 percent bonds due May 2021 at a yield of 5.1 percent yesterday, the finance ministry said in a statement. Bids totaled $6.9 billion, or 2.76 times the amount offered, it said.