New confidence - Indonesia borrows $3 billion at record low cost

Indonesia's conventional borrowing costs have hit a record low after the country raised $3bn in dollar bonds amid strong demand from US investors.

The southeast Asian country has issued $1.5bn in 10-year bonds at a yield of 3.5 per cent, or 176 basis points over US Treasuries, its lowest-ever rate for non-Islamic bonds. It has also raised $1.5bn in 30-year bonds at a yield of 4.75 per cent ... READ MORE

Released by the Financial Times 9 April 2013