Indonesia sets guidance for $1 billion 10-year global bonds at 7¼%-7½%

By Reshmi Basu

New York, April 12 - The Republic of Indonesia set price guidance for its resurrected $1 billion 10-year global bonds (B2/B+/BB-) at 7¼% to 7½%, according to a market source.

Indonesia postponed the offering three weeks ago due to market volatility.

According to one investor, the deal may have priced as early as Tuesday. In late afternoon, another investor said the deal would price Wednesday morning after the release of Tuesday's Federal Open Market Committee minutes.

Citigroup, Deutsche Bank and UBS AG are managing the Rule 144A/Regulation S deal.

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