Chicago, Nov. 15 – Indonesia’s special purpose vehicle, Perusahaan Penerbit SBSN Indonesia III (PPSI III), issued $2 billion in trust certificates in two equal parts (Baa2/BBB/BBB), according to pricing supplements.
Both parts priced at par.
Series 21, due 2028, priced with a 5.4% distribution rate.
Series 22, due 2033, priced with a 5.6% distribution rate.
CIMB Investment Bank Bhd., Citigroup Global Markets Inc., Dubai Islamic Bank PJSC, Mandiri Securities Pte. Ltd. and Standard Chartered Bank were the lead managers.
Proceeds will be used by the republic for general financing requirements.
| Issuer: | Perusahaan Penerbit SBSN Indonesia III
|
| Obligor: | Indonesia
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| Amount: | $2 billion
|
| Issue: | Sukuk
|
| Bookrunners: | CIMB Investment Bank Bhd., Citigroup Global Markets Inc., Dubai Islamic Bank PJSC, Mandiri Securities Pte. Ltd. and Standard Chartered Bank
|
| Co-managers: | PT BRI Danareksa Sekuritas and PT Trimegah Sekuritas Indonesia Tbk.
|
| Trade date: | Nov. 7
|
| Settlement date: | Nov. 15
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| Ratings: | Moody’s: Baa2
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| S&P: BBB
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| Fitch: BBB
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| Distribution: | Rule 144A and Regulation S
|
|
|
| Series 21
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| Amount: | $1 billion
|
| Maturity: | Nov. 15, 2028
|
| Coupon: | 5.4%
|
| Price: | Par
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| Yield: | 5.4%
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| ISIN: | US71567PAX87, US71567RAX44
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|
|
| Series 22
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| Amount: | $1 billion
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| Maturity: | Nov. 15, 2033
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| Coupon: | 5.6%
|
| Price: | Par
|
| Yield: | 5.6%
|
| ISIN: | US71567PAY60, US71567RAY27
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