New Issue: Indonesia prices $1.5 billion 4.35% Islamic bonds due 2024 at par

By Christine Van Dusen

Atlanta, Sept. 2 – Indonesia printed $1.5 billion 10-year Islamic bonds (expected ratings: Baa3/BB+/BBB-) at par to yield 4.35% on Tuesday, a syndicate source said.

The notes were talked at a yield in the 4.4% area.

CIMB, Emirates NBD Capital, HSBC and Standard Chartered Bank were the bookrunners for the Rule 144A and Regulation S deal.

Issuer:	Indonesia
Amount:	$1.5 billion
Maturity:	Sept. 10, 2024
Description:	Sukuk notes
Bookrunners:	CIMB, Emirates NBD Capital, HSBC, Standard Chartered Bank
Coupon:	4.35%
Price:	Par
Yield:	4.35%
Trade date:	Sept. 2
Settlement date:	Sept. 10
Expected ratings:	Moody’s: Baa3
	Standard & Poor’s: BB+
	Fitch: BBB-
Distribution:	Rule 144A and Regulation S
Price talk:	4.4% area

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