BNI bond

Bank Negara Indonesia returns to dollar bond market after hiatus

Rivals speculate that the $500 million bond deal for Bank Negara Indonesia, a state-owned bank, was hard underwritten.

<div style="text-align: left;"> BNI in downtown Yogyakarta (photononstop) </div>

Denise Wee

April 26, 2012

Indonesian state-owned lender Bank Negara Indonesia (BNI) priced a $500 million five-year bond late Tuesday night — the first offshore dollar bond from an Indonesian commercial bank since 2003.

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