By Aaron Hochman-Zimmerman
New York, Feb. 26 - The Republic of Indonesia priced $3 billion in two tranches (Ba3/BB-/BB), according to a market source.
The $1 billion five-year bonds priced at 99.455 with a 10 3/8% coupon to yield 10½%.
The $2 billion 10-year bonds priced at 99.276 with a 10 3/8% coupon to yield 11¾%.
Both tranches price in line with talk.
Barclays and UBS acted as joint bookrunners for the Rule 144A and Regulation S deal.
Issuer: Republic of Indonesia
| Issue: | Global bonds
|
| Amount: | $3 billion
|
| Bookrunners: | Barclays, UBS
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 4
|
| Distribution: | Rule 144A/Regulation S
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: BB-
|
| Fitch: BB
|
|
|
| Ten-year tranche
|
| Amount: | $2 billion
|
| Maturity: | May 3, 2019
|
| Coupon: | 11 5/8%
|
| Price: | 99.276
|
| Yield: | 11¾%
|
|
|
| Five-year tranche
|
| Amount: | $1 billion
|
| Maturity: | May 3, 2014
|
| Coupon: | 10 3/8%
|
| Price: | 99.455
|
| Yield: | 10½%
|
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