By Aaron Hochman-Zimmerman
New York, April 16 - The Republic of Indonesia priced a $650 million five-year unsecured sukuk at par to yield 8.8% (Ba3/BB-/BB), according to a market source.
The bonds priced at the tight end of the talk which put the yield at 8.8% to 9.0%.
Barclays, HSBC and Standard Chartered acted as bookrunners for the Rule 144A and Regulation S deal.
The offer was Indonesia's first dollar-denominated global sukuk.
Issuer: Republic of Indonesia
Issue: Five-year unsecured bonds
| Amount: | $650 million
|
| Maturity: | April 23, 2014
|
| Coupon: | 8.8%
|
| Price: | Par
|
| Yield: | 8.8%
|
| Bookrunners: | Barclays, HSBC, Standard Chartered
|
| Pricing date: | April 16
|
| Settlement date: | April 23
|
| Distribution: | Rule 144A/Regulation S
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: BB-
|
| Fitch: BB
|
| Price talk: | 8.8% to 9.0%
|
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