Indonesia sees smooth bond sale | FT Alphaville

Indonesia sees smooth bond sale

The Indonesian government has drawn around $4.5bn in orders for its $2bn 10-year global bond priced overnight, reports the WSJ. The latest global bond issue from southeast Asia’s largest economy was smaller than the maximum $4bn that the government had flagged previously in the market. With many investors reluctant to commit funds to very long-dated issues, the government dropped its plans to include a 30-year tranche in the deal, resulting in the reduced size, said fund managers.