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Published on 6/17/2008 in the Prospect News Emerging Markets Daily.

New Issue: Indonesia prices $2.2 billion retap of its bonds due 2014, 2018, 2038

By Aaron Hochman-Zimmerman

New York, June 17 - The Republic of Indonesia (Ba3/BB-/BB) priced a $2.2 billion reopening of its bonds due 2014, 2018 and 2038, according to a market source.

The 6¾% bonds due 2014 were retapped for $300 million at 100.25.

The 6 7/8% bonds due 2018 were retapped for $900 million at 97.25.

The 7¾% bonds due 2036 were retapped for $1 billion at 95.5.

The deal was upsized from $1.5 billion and priced in line with talk.

Credit Suisse, Deutsche Bank and Lehman Brothers acted as bookrunners for the deal.

Issuer:Republic of Indonesia
Amount:$2.2 billion
Bookrunners:Credit Suisse, Deutsche Bank, Lehman Brothers
Pricing date:June 17
Ratings:Moody's: Ba3
Standard & Poor's: BB-
Fitch: BB
Issue:Retap of sovereign bonds
Amount:$300 million
Maturity:2014
Coupon:6¾%
Price:100.25
Price talk: 100.25
Issue:Retap of sovereign bonds
Amount:$900 million
Maturity:2018
Coupon:6 7/8%
Price:97.25
Price talk: 97.25
Issue:Retap of sovereign bonds
Amount:$1 billion
Maturity:2036
Coupon:7¾%
Price:95.5
Price talk: 95.5

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