Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.
Find out more at btsub.sg/promo
[JAKARTA] The Republic of Indonesia has mandated Citigroup, HSBC and Standard Chartered to arrange its first US dollar sovereign bond issue of 2015.
The appointment paves the way for the government to return to the global debt markets as early as January, repeating a pattern it has used in recent years.
Indonesia, rated Baa3 by Moody's, BB+ by S&P and BBB- by Fitch, launched a USD4bn bond in January 2014 offering coupons of 5.875 per cent for 10 years and 6.75 per cent for 30 years.
Asia's busiest sovereign bond issuer is also considering a euro-denominated offering in 2015.