Country's first offshore corporate bond of the year receives a warm reception as the government launches a new divestment in its largest power generator.
Demand comes through on the final day to leave the deal 2.2 times covered. The price is fixed at Rs104 per IDR, which is in line with the anchor tranche.
The power project financing company raises $410 million amid strong demand two weeks after waning interest forced other listing candidates to withdraw.
Mundra Port and SEZ is expected to price its $450 million IPO at the top end of the range after attracting subscriptions for $52 billion worth of shares.