New Issue: Indonesia prices $4 billion of notes in tranches due 2024, 2044

By Christine Van Dusen

Atlanta, Jan. 8 - Indonesia priced $4 billion of notes (expected ratings: Baa3/BB+/BBB-) in two tranches in a Rule 144A and Regulation S deal via bookrunners BofA Merrill Lynch, Citigroup and Deutsche Bank, a market source said.

The deal included $2 billion 5 7/8% notes due 2024 that priced at 99.441 to yield 5.95%, matching talk.

The second tranche - $2 billion 6¾% notes due in 2044 - came to the market at 98.734 to yield 6.85%. That was on the tight end of talk, which was set at 6.85% to 6.9%.

Issuer:	Indonesia
Amount:	$4 billion
Description:	Notes
Bookrunners:	BofA Merrill Lynch, Citigroup, Deutsche Bank
Trade date:	Jan. 8
Expected ratings:	Moody's: Baa3
	Standard & Poor's: BB+
	Fitch: BBB-
Distribution:	Rule 144A and Regulation S
Notes due 2024
Amount:	$2 billion
Maturity:	2024
Coupon:	5 7/8%
Price:	99.441
Yield:	5.95%
Price talk:	5.95%
Notes due 2044
Amount:	$2 billion
Maturity:	2044
Coupon:	6¾%
Price:	98.734
Yield:	6.85%
Price talk:	6.85% to 6.9%

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