The Indonesian sovereign deal, led by Barclays Capital, HSBC and Lehman Brothers, totalled $2 billion and included a $1 billion 10-year tranche and a $1 billion 30-year tranche priced to yield 6.95% and 7.75% respectively. The transaction, rated Ba3BB-BB-, attracted a total demand of $3.2 billion, split evenly across both tranches. Ninety-five accounts participated in the 10-year tranche, with 10% selling to banks, 68% to fund managers, 5% to central banks, 13% to insurance and pension funds, and 4% to retail. In terms of...
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