By Mary-Katherine Stinson
Lexington, Ky., Jan. 5 – Republic of Indonesia sold $3 billion of bonds maturing in 2028, 2033 and 2053 (Baa2/BBB/BBB), according to an FWP filed with the Securities and Exchange Commission.
The $1 billion 4.55% bonds due Jan. 11, 2028 priced at 98.9 to yield 4.8%, or at Treasuries plus 95.6 basis points.
The $1.25 billion 4.85% bonds due Jan. 11, 2033 priced at 98.061 to yield 5.1%, or at Treasuries plus 141.7 bps.
The $750 million 5.65% bonds due Jan. 11, 2053 priced at 98.578 to yield 5 ¾%, or Treasuries plus 192.9 bps.
The bonds have par calls at one month, three months and six months before their maturity dates, respectively.
BofA Securities, Inc., DBS Bank Ltd., Hongkong and Shanghai Banking Corp. Ltd. (billing and delivery), Mandiri Securities Pte. Ltd. and Standard Chartered Bank are leading the sale as joint lead managers.
Proceeds will be used for general purposes of the republic.
Listing will be in Singapore and in Frankfurt.
| Issuer: | Republic of Indonesia
|
| Amount: | $3 billion
|
| Issue: | Bonds
|
| Bookrunners: | BofA Securities, Inc., DBS Bank Ltd., Hongkong and Shanghai Banking Corp. Ltd. (billing and delivery), Mandiri Securities Pte. Ltd. and Standard Chartered Bank
|
| Co-managers: | PT BRI Danareksa Sekuritas and PT Trimegah Sekuritas Indonesia Tbk
|
| Trustee: | Bank of New York Mellon
|
| Counsel to issuer: | Ginting & Reksodiputro and Allen & Overy LLP
|
| Counsel to bookrunners: | Mayer Brown and Assegaf Hamzah & Partners
|
| Pricing date: | Jan. 4
|
| Settlement date: | Jan. 11
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB
|
| Fitch: BBB
|
|
|
| 2028 Notes
|
| Amount: | $1 billion
|
| Maturity: | Jan. 11, 2028
|
| Coupon: | 4.55%
|
| Price: | 98.9
|
| Yield: | 4.8%
|
| Spread: | Treasuries plus 95.6 bps
|
| Call features: | At par starting one month prior to maturity
|
| Cusip: | 455780DQ6
|
|
|
| 2033 Notes
|
| Amount: | $1.25 billion
|
| Maturity: | Jan. 11, 2033
|
| Coupon: | 4.85%
|
| Price: | 98.061
|
| Yield: | 5.1%
|
| Spread: | Treasuries plus 141.7 bps
|
| Call features: | At par starting three months prior to maturity
|
| Cusip: | 455780DR4
|
|
|
| 2053 Notes
|
| Amount: | $750 million
|
| Maturity: | Jan. 11, 2053
|
| Coupon: | 5.65%
|
| Price: | 98.578
|
| Yield: | 5 ¾%
|
| Spread: | Treasuries plus 192.9 bps
|
| Call features: | At par starting six months prior to maturity
|
| Cusip: | 455780 DS2
|
|
|
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