Investors oversubcribed Pegadaian's bond by 2 times

Indonesia largest pawnshop, PT Pegadaian, saw it IDR1 trilion shelf-registered bond sale at 2 times oversubcribed. Demand reached IDR2 trilion during the bookbuilding period. The company set with 6.6 percent-7.75 percent of coupon range for the four series of the bond. Pegadaian set 6.6 percent for bond with 370 days of tenor, 7.25 percent for bond with 3 years tenor, 7.5 percent for bond with 5 years tenor, and 7.75 percent for bond with 7 years tenor.