By Aaron Hochman-Zimmerman
New York, June 18 - 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.
Yields emerged for each tranche on Wednesday.
The 6¾% bonds due 2014 were retapped for $300 million at 100.25 to yield 6.69%.
The 6 7/8% bonds due 2018 were retapped for $900 million at 97.25 to yield 7.28%.
The 7¾% bonds due 2038 were retapped for $1 billion at 95.5 to yield 8.15%.
The deal was upsized from $1.5 billion and priced in line with talk on each tranche.
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
|
| Amount: | $300 million
|
| Maturity: | 2014
|
| Coupon: | 6¾%
|
| Price: | 100.25
|
| Yield: | 6.69%
|
| Price talk: | 100.25
|
|
|
| Issue: | Retap
|
| Amount: | $900 million
|
| Maturity: | 2018
|
| Coupon: | 6 7/8%
|
| Price: | 97.25
|
| Yield: | 7.28%
|
| Price talk: | 97.25
|
|
|
| Issue: | Retap
|
| Amount: | $1 billion
|
| Maturity: | 2038
|
| Coupon: | 7¾%
|
| Price: | 95.5
|
| Yield: | 8.15%
|
| Price talk: | 95.5
|
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