Indonesia is marketing its second dollar-denominated bond this year at the highest yield since 2010 after an April issue handed investors a 12 percent (more)
Indonesia is marketing its second dollar-denominated bond this year at the highest yield since 2010 after an April issue handed investors a 12 percent loss.
The nation plans to sell the 10-year notes at a yield of about 5.45 percent, according to a person familiar with the matter who asked not to be identified because the terms aren't set. That would be the highest for the tenor since 6 percent was paid in January 2010, data compiled by Bloomberg show. The April issue was priced to yield 3.5 percent, Indonesia's lowest-ever for a non-Islamic offering.
Emerging-market sovereign bonds have tumbled since the Federal Reserve signaled in May plans to scale back $85 billion a month of debt purchases that drove borrowing costs to record lows. The indicative yield for Indonesia's current offering is 2.81 percentage points more than for similar-maturity Treasuries, compared with a 1.75 percentage point premium at the April sale.
Sukuk.me Wire External StoryFrom Source: Bloomberg - Read full article here
Sukuk.me is not responsible for the content of external internet sites