StanChart Boosts Indonesia-Tied Debt to Record on Jokowi Victory
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Standard Chartered Plc, the London-based bank that makes most of its money in Asia, drove sales of notes tied to Indonesian government bonds to a record as investors bet incoming president Joko Widodo’s pro-business approach will drive growth.
The lender issued 4.52 trillion rupiah ($390 million) of notes in July compared with zero sales from other banks and the highest monthly tally in Bloomberg data going back to 1996.