Indosat $650m bond success augurs well for Indonesia issuers

Chan, Aberdeen AM: 'credit-friendly' business environment in Indonesia

The 10-year, $650 million bond from Indonesian telecoms company Indosat, a refinancing of the company’s outstanding debt due in 2010 and 2012, was one of the largest ever from an Asian high yield borrower. But, such is the demand for Indonesian credit at present, the deal might have been even larger: the order book was an astonishing 16 times oversubscribed.

Terence Chia, vice-president of Asian debt syndicate at Citi, joint lead bookrunner on the deal, says it quickly became apparent the bond wa

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: