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Bond Market News
Indonesia Completes Tender Offer for its USD Bonds
September 22, 2021
Indonesia completed the tender offer for its eight dollar bonds. The results of the tender offer are given below:
Indonesia will not accept any of the $1bn 2.95% 2023s, $2bn 5.875% 2024s, $2bn 4.125% 2025s and $2.25bn 4.75% 2026s which were initially part of the offer. Indonesia purchased the bonds on a pro rata basis as the tender offer was capped at $1.25bn, the amount they raised on September 13 to fund the tender offer. Settlement of the bonds is expected tomorrow. The nation’s buyback of dollar bonds was the first by a South-east Asian sovereign, as per Business Times.
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