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Bonds

Rare, Popular Junk

Tuesday, March 9, 2004

The government issued 10-year international bonds amounting to US$1 billionbut are they better than those offered by the Philippines?

. tempo : 172861698750.

AFTER an eight-year absence, a dollar-denominated bond issue by the government is finally making a comeback. Response from investors was a surprise, particularly for the government.

The Indonesian Government had initially planned to issue bonds worth US$400 million (Rp3.4 trillion based on the Rp8,500 to US$1 exchange rate). But response from investors was rapturous; the issue was oversubscribed by 10 times—an amount totaling US$4.16 bi

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