Indonesia sells US$4b debt amid low yields
Average yield on sovereign dollar bonds was 4.75% on Dec 4, lowest level since June 2013
Jakarta
INDONESIA sold US$4 billion of 10- and 30-year dollar bonds, taking advantage of borrowing costs near a 19-month low to raise funds.
The 2025 debt was priced to yield 4.2 per cent and the longer maturity at 5.2 per cent, according to a statement on the Finance Ministry's debt management office website. The sale drew bids for 4.8 times the amount raised, it said. The Philippines sold US$2 billion of 25-year notes this week at 3.95 per cent, an all-time low, and the sale was seven times oversubscribed.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
RBA to keep key rate at 12-year high as inflation stirs anew
Buffett praised Apple after trimming it, drops Paramount stake
Westpac net profit falls 16%, announces additional A$1 billion buyback
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal