New Issue: Indonesia prices $3 billion dollar benchmark notes due in 2023, 2043

By Christine Van Dusen

Atlanta, April 8 - Indonesia priced $3 billion of dollar-denominated notes due April 15, 2023 and 2043 (Baa3/BB+/BBB-), a market source said.

The deal included $1.5 billion 3 3/8% 10-year notes at 98.953 to yield 3½%. The notes were talked at a yield in the 3.55% area.

The second tranche totaled $1.5 billion 4 5/8% notes due in 2043 that priced at 98.012 to yield 4¾%. Final guidance was set at the 4.8% area.

Deutsche Bank, JPMorgan and Standard Chartered Bank were the bookrunners for the Rule 144A and Regulation S deal.

Issuer:	Indonesia
Amount:	$3 billion
Description:	Senior notes
Bookrunners:	Deutsche Bank, JPMorgan, Standard Chartered Bank
Trade date:	April 8
Settlement date:	April 15
Ratings:	Moody's: Baa3
	Standard & Poor's: BB+
	Fitch: BBB-
Distribution:	Rule 144A and Regulation S
10-year notes
Amount:	$1.5 billion
Maturity:	April 15, 2023
Coupon:	3 3/8%
Price:	98.953
Yield:	3½%
Price talk:	3.55% area
30-year bonds
Amount:	$1.5 billion
Maturity:	April 15, 2043
Coupon:	4 5/8%
Price:	98.012
Yield:	4¾%
Price talk:	4.8% area

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