Indonesia: Our choice as Borrower of the Year 2011

This year, we have chosen to announce our Borrower of the Year separately from the rest of our end-of-year awards. We came to our decision after canvassing opinion among participants in the debt capital markets and will present the award at our annual Achievement Awards dinner in Hong Kong in February.

The Republic of Indonesia is the clear winner for 2011. It had another good year as an issuer, topped by a well received $2.5 billion sovereign bond that gathered a solid $6.9 billion order book and stood out as Indonesia’s biggest ever single tranche. Although the deal did not include a much-awaited 30-year tranche, its flawless execution and strong...