Indonesia pushes out punchy $2.5 billion bond sale

The Republic of Indonesia early Wednesday morning priced a $2 billion 10-year bond and a $500 million tap of its 2042s, in an aggressively priced deal. The initial guidance for the 10-year tranche was 4.05% and the bonds priced to yield 3.85% at the final guidance, while the initial guidance for the 2042s was 4.98% and the bonds priced at a yield of 4.95%. The 10-year bond attracted more than $5.9 billion worth of demand, while the tap of the 2042s attracted more than $2 billion of demand.