10.04.2013 - Indonesia sells $3 bln debt at lowest rate in 2013 debut
Indonesia sold $3 billion of 10- and 30-year dollar bonds at record low borrowing costs, tapping the global market for the first time this year, according to a person familiar with the offering. The nation issued $1.5 billion of notes due April 2023 to yield 3.50 percent, its cheapest-ever financing for non-Islamic bonds denominated in the US currency, said the person, who asked not to be identified because hes not authorized to speak publicly. Indonesia also sold $1.5 billion of debt maturing in 2043 to pay 4.75 percent. The 10-year securities yielded an extra 1.76 percentage points over similar-maturity Treasuries, while the 30-year spread was 1.84 percentage points...............................................Full Article: Source
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