Indonesia's possible $2 billion two-tranche deal talked at 6.95%, 7.75%

By Aaron Hochman-Zimmerman

New York, Jan. 10 - Indonesia (Ba3/BB-/BB-) talked its offering of up to $2 billion of bonds in tranches of $1 billion of 10-year bonds and $1 billion 30-year bonds at 6.95% and 7.75% respectively, according to a market source.

Barclays, HSBC and Lehman Brothers are bookrunners for the benchmark-sized sovereign.

The roadshow will be held until Friday.

The bonds will be offered under Rule 144A and Regulation S.

The deal has been long anticipated. In November, market sources said they expected that Indonesia would bring a $2 billion deal with 10- and 30-year tranches early in 2008.

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