Indonesia Raises $1.75 Bln Amid Record Emerging-Debt Sales
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Indonesia drew orders for double the $1.75 billion of 30-year dollar-denominated bonds it offered, a sign of investor confidence in developing economies during a record start to the year for emerging-market debt sales.
Southeast Asia’s largest economy sold notes due January 2042 with a 5.25 percent coupon to yield 5.375 percent, attracting $3.6 billion of bids, the finance ministry said. The rate was 240 basis points more than that for similar-maturity U.S. Treasuries and the sale was arranged by HSBC Holdings Plc, JPMorgan Chase & Co. and Standard Chartered Plc.