Japfa Comfeed Indonesia, a Singapore-listed producer of animal feed and poultry, dived into the international bond markets with a maiden $150 million bond sale on Thursday, as investors continue to load up on emerging-market bonds.
The Reg S sale was launched shortly after two Indonesia borrowers from opposite ends of the credit spectrum completed their fundraising exercise earlier this week, with a $3 billion dual-tranche offering from the Republic of Indonesia and a $150 million high-yield bond from Sritex, a garment manufacturer.
“Investors are willing to put their money to work outside of the traditional safe-haven assets such as investment-grade bonds and loans,” said a syndicate...
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