The Government of Indonesia has launched a 10-year bond of US$2 billion and a US$500 million reopening of its 2042 bonds.
Investors familiar with the offer said the yield is set at 3.85% and 2042 bond is set at 4.95%. The term sheet shows that the 2042 bond will charge a 5.25% annual coupon. The government has mandated J.P.Morgan and Standard Chartered Bank as joint bookrunners.
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