Jakarta (ANTARA News) - Indonesia has received two awards from the Hong Kong-based FinanceAsia magazine for its success in issuing US dollar-denominated state bonds in May 2011 and November 2011.

The awards called `Best Sovereign Bond-Republic Indonesia $2,5 Billion 10 Year Bond` and `Borrower of the Year 2011` were received respectively in December 2011 and January 2012, Head of the Communication and Information Service Bureau at the Finance Ministry Yudi Pramadi said on Thursday.

FinanceAsia representative Stuart Wadsworth symbolically gave the awards to Deputy Finance Minister Mahendra Siregar here on Wednesday.

Indonesia won the two awards for its achievement in issuing 10-year, US dollar-denominated global bonds worth US$2.5 billion in May 2011 and 7-year, US dollar-denominated global sharia state bonds worth US$1 billion in November 2011.

According to the magazine, the issuance of the US$2.5 billion global bonds showed impressive performance because it could attract total subscriptions of US$6.9 billion.

It said the bonds offered competitive yields, and had low costs of issuance.

Likewise the issuance of global sharia state bonds worth US1 billion was also quite impressive because it received subscriptions worth US$6.5 billion.

Indonesia was also seen as a professional and experienced bond issuer in Asia. The evaluation was based on a survey made by FinanceAsia on respondents including investors, bankers, and other market players.(*)

Editor: Heru Purwanto
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