Indonesia to offer dollar-denominated global bonds in two series

By Rebecca Melvin

Concord, N.H., March 22 – Republic of Indonesia plans to issue dollar-denominated bonds in two series (expected rating: //BBB), according to a 424B3 filing with the Securities and Exchange Commission.

Citigroup Global Markets Inc., Deutsche Bank AG Singapore Branch, Mandiri Securities Pte. Ltd., Societe Generale CIB and Standard Chartered Bank are the joint lead managers and joint bookrunners.

Co-managers are PT BRI Danareksa Sekuritas and PT Trimegah Sekuritas Indonesia Tbk.

Counsel to the issuer is provided by in-house counsel, by Assegaf Hamzah & Partners (Indonesia) and by Clifford Chance Pte. Ltd. (United States). Counsel to the underwriters is Mayer Brown (United States) and Hiswara Bunjamin & Tandjung (Indonesia).

Applications are being made to list the bonds on the official list of the Singapore Exchange and the open market of the Frankfurt Stock Exchange.

Proceeds are earmarked to repurchase certain outstanding global bonds under a concurrent tender offer, and any remaining proceeds will be used for the general purposes of the republic.

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