Feb 15, 2011

Indo. hires DB, J.P. and UBS for bond

Indonesian government admitted that it has mandated Deutsche Bank (DB), J.P.Morgan, and UBS as lead managers of US$1.5 billion bond issuance in the second quarter of this year. Previously, Ministry of Finance had shortly listed seven foreign investment banks. They had presented their strategy last week.
Finance Minister Agus D.W. Martowardojo said the road show is expected to be held early second quarter. However, he denied to give further explanation on the bond size. According to him, the government will issue one tranche global bond.

Disclosure: No position at the stock mentioned above.  
 
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