Indonesia Matches Asia’s Biggest Sovereign Dollar Bond Sale
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Indonesia raised $4 billion from a sale of dollar-denominated bonds, matching a record set by South Korea for the region’s largest sovereign offer, as it seeks to draw global capital and buoy Asia’s worst-performing currency.
The nation issued $2 billion of debt due in 10 years to yield 5.95 percent and $2 billion of securities maturing in 30 years at 6.85 percent, according to a statement today from the finance ministry’s debt management office. That compares with rates of 5.684 percent for existing notes due 2023 and 6.352 percent for 2043 notes, Bloomberg-compiled prices show.