By William Gullotti
Buffalo, N.Y., June 9 – PT Indofood Sukses Makmur Tbk. has issued $1.75 billion of senior notes in two tranches (Baa3//BBB-), according to listing notices.
The company priced $1.15 billion of 3.398% senior bonds due June 9, 2031.
The company also priced a tranche of $600 million of 4.745% senior bonds due June 9, 2051.
Joint lead managers and joint bookrunners on the offering were UBS AG Singapore Branch, Deutsche Bank AG, Singapore Branch, Mizuho Securities (Singapore) Pte. Ltd., SMBC Nikko Capital Markets Ltd., DBS Bank Ltd., Mandiri Securities Pte. Ltd., Natixis Singapore Branch and Oversea-Chinese Banking Corp., Ltd.
Proceeds will be used to refinance part of the debt related to the acquisition of Pinehill Co. Ltd., according to Fitch Ratings.
Based in Jakarta, PT Indofood produces and sells consumers products in Indonesia and internationally.
| Issuer: | PT Indofood Sukses Makmur Tbk.
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| Issue: | Senior bonds
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| Bookrunners: | UBS AG Singapore Branch, Deutsche Bank AG, Singapore Branch, Mizuho Securities (Singapore) Pte. Ltd., SMBC Nikko Capital Markets Ltd., DBS Bank Ltd., Mandiri Securities Pte. Ltd., Natixis Singapore Branch and Oversea-Chinese Banking Corp., Ltd.
|
| Ratings: | Moody’s: Baa3
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| Fitch: BBB-
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| Settlement date: | June 9
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| Issue date: | June 10
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|
|
| 2031 bonds
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| Amount: | $1.15 billion
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| Maturity: | June 9, 2031
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| Coupon: | 3.398%
|
|
|
| 2051 bonds
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| Amount: | $600 million
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| Maturity: | June 9, 2051
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| Coupon: | 4.745%
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