Indonesia to market dollar-denominated offering of global bonds

By Reshmi Basu

New York, Jan. 31 - The Republic of Indonesia plans to start investor presentations this week for a dollar-denominated offering of global bonds, according to a market source,

Simultaneous roadshows will be conducted in Singapore and Hong Kong on Friday, followed by stops in Dubai and Boston on Monday and wrapping up in London and New York on Tuesday.

Citigroup, Deutsche Bank and UBS Investment Bank will be acting as joint bookrunners for the Rule 144A and Regulation S transaction.

This is the first time Indonesia has tapped the market since March. On March 2 the country (B2/B+) sold $2 billion of sovereign bonds in a dual-tranche offering, which included $1 billion of notes due 2017 and $1 billion in a retap of bonds due 2035.

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