The Republic of Indonesia is preparing to begin marketing its first international bond issue in Hong Kong this Thursday under the joint lead of Deutsche Bank and JPMorgan. Presentations will then continue in Singapore, Europe and the US, for pricing around Thursday March 4.
The huge rarity value of the transaction combined with investors' desire for yield seems likely to ensure the same kind of rapturous response Pakistan met just over a week ago for its first new sovereign bond in seven years. Indonesia has not accessed the international debt markets since 1996 and already the leads are starting to manage market expectations by suggesting the prospective issue size might be...
