By Christine Van Dusen
Atlanta, Sept. 10 - Indonesia priced a $1.5 billion issue of 6 1/8% Islamic bonds due March 15, 2019 (expected ratings: Baa3/BB+/BBB-) at par, a market source said.
The notes were talked at a yield in the 6¼% area.
Citigroup, Deutsche Bank and Standard Chartered Bank were the bookrunners for the Rule 144A and Regulation S sukuk.
The notes were issued by Perusahaan Penerbit SBSN Indonesia III.
| Issuer: | Perusahaan Penerbit SBSN Indonesia III
|
| Amount: | $1.5 billion
|
| Maturity: | March 15, 2019
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Deutsche Bank, Standard Chartered Bank
|
| Coupon: | 6 1/8%
|
| Price: | Par
|
| Yield: | 6 1/8%
|
| Trade date: | Sept. 10
|
| Settlement date: | Sept. 15
|
| Expected ratings: | Moody's: Baa3
|
| Standard & Poor's: BB+
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 6¼% area
|
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