Indonesia to price five tranches of dollar-, euro-denominated bonds

By Rebecca Melvin

New York, Jan. 5 – Republic of Indonesia plans to issue five tranches of dollar- and euro-denominated bonds (expected rating: BBB), according to a 424B3 filing with the Securities and Exchange Commission.

Two tranches in euros are planned, and three tranches will be dollar denominated.

Citigroup, DBS Bank Ltd., Deutsche Bank, Mandiri Securities and Standard Chartered Bank are the joint lead managers and joint bookrunners of the Regulation S offering. Co-managers are PT BRI Danareksa Sekuritas and PT Trimegah Sekuritas Indonesia Tbk.

Proceeds from the bonds are earmarked for general purposes, including its Covid-19 relief efforts.

Approval in principal has been obtained to list the bonds on the Singapore Exchange Securities Trading Ltd. and the open market of the Frankfurt Stock Exchange.

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