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Indonesian new bonds gain in flat market

HONG KONG, June 18 (Reuters) Asian bonds held steady on Wednesday amid concerns a global credit crisis would continue canada goose clearance to claim financial losses, but Indonesia new $2.2 billion bonds gained on the back of its attractive premiums.

Indonesia issued more of its existing 2014, 2018 and 2018 bonds canada goose black friday sale in a deal that was increased from $1.5 billion thecanadagooseoutlet after the deal was three times oversubcribed.

market reaction was quite good. The deal was surprisingly bigger in size, and the pricing a little bit tighter than the canada goose uk shop guidance, said a Hong Kong based trader.

The country sold $300 million of additional 6.75 percent bonds maturing in 2014 455780AP1=RRPS at 100.25 cheap Canada Goose to the dollar for a yield of 6.694 percent, according to a term sheet and a market source. That was above guidance of par given on Tuesday.

It sold $900 million in additional 6.875 percent bonds due in cheap canada goose uk 2018 ID034054053=RRPS at 97.25 to the dollar for a yield of 7.278 percent. That compared with guidance of 97.00.

The largest tranche was canada goose clearance sale $1 billion in uk canada goose outlet additional 7.75 percent bonds due 2038 ID034054061=RRPS at 95.50 for uk canada goose a yield of 8.154 percent. Tha compared with guidance of 95.25.

But Philippines cash bonds fell after the sale, as investors switched to the Indonesian bonds, a Manila based Canada Goose Online trader said. The two countries are viewed as peers by debt markets due to their similar canada goose coats on sale risk profiles.

Both South East Asian nations are rated canada goose factory sale BB minus, three notches below investment grade, by Standard Poor

Philippine bonds due in 2031 PHIGLB31=RR were Canada Goose Outlet quoted Canada Goose Parka at Canada Goose sale 109 cents to a dollar while bonds due in 2032 718286BD8=RRPS were at 95, both down canada goose uk outlet by 0.25 0.50 of a point compared to Tuesday. banks buy canada goose jacket cheap may need to raise $65 billion canadian goose jacket of canada goose store additional canada goose capital to cope with mounting losses from a global credit crisis that will not Canada Goose online peak until 2009. [ID:nN17360116]

The iTRAXX Asia ex Japan high yield index ITAHY5UA=GFI, a key measure of risk aversion, was steady at 488 Canada Goose Jackets basis points (bps), while the investment grade index ITAIG5UA=GFI was also flat at 124 bps.

A heavy slate of expected new canada goose sale supply is preventing tightening, traders said.

GS Caltex Corp, buy canada goose jacket South Korea second biggest oil refiner, will begin a two day global roadshow on Thursday.

Still, despite the revival in primary markets, some issuers with high Canada Goose Coats On Sale yield ratings are struggling to complete their deals.

Trade and Development Bank of Mongolia postponed the sale of $100 million in three year bonds, despite offering yields of 11.5 11.75 percent, amid adverse market conditions, a source with direct knowledge of the situation told Reuters.

FIVE YEAR CREDIT DEFAULT SWAPSCurrent Week ago canada goose coats Korea Dev Bank 115/ 115/ Hutchison /100 103/105 PCCW canada goose uk black friday HKT /115 105/ China /65 64/69 Indonesia 266/ /287 Korea /95 93/97 Malaysia /94 96/100 Philippines 223/ /247.