Indonesia Sells Debut Kangaroo Bond Drawing Strong Demand

Indonesia raised A$800 million ($522 million) via its first Australian dollar-denominated Kangaroo bond, attracting demand of about 10 times the issuance size.

The Southeast Asian nation priced the five-year and 10-year notes after receiving orders in excess of A$7.97 billion, according to UBS Group AG, one of the deal’s joint-lead managers.