Pertamina, an Indonesian state-owned oil-and-gas company, visited the market for the third time on Tuesday with a $3.25 billion bond the biggest US dollar bond from an Indonesian borrower on record, according to Dealogic.
The jumbo bond came at a busy time for debt markets in Asia, as well as globally, with Brazilian oil-and-gas company Petrobras selling an $11 billion bond on Monday and Apple selling a $17 billion bond last month the biggest corporate bond ever.
Investors have piled into debt in recent times to beat low deposit rates. It was a similar story with Pertamina. The deal attracted $14.4 billion worth of orders across both...
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