Indonesia mandates Deutsche Bank, UBS and Citigroup for benchmark sovereign offering

By Paul A. Harris

St. Louis, Jan. 31 - The Indonesian government has mandated Deutsche Bank Securities, UBS Investment Bank and Citigroup to run the books for its pending benchmark sovereign issue, according to market sources.

Although no official size or structure has been announced, Indonesia is believed to be seeking about $1 billion in proceeds, according to a market source. The source said the issuance could come in multiple tranches with U.S. dollar- and euro-denominations.

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