New Issue: Indonesia prices $2 billion 10-year notes at par to yield 4 3/8%

By Christine Van Dusen

Atlanta, May 22 – Indonesia priced $2 billion 10-year notes (expected ratings: Baa3/BB+/BBB-) at par to yield 4 3/8% on Thursday, a market source said.

The notes were talked at a yield in the 4.55% area.

CIMB Group, Dubai Islamic Bank, HSBC and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.

Issuer:	Indonesia
Amount:	$2 billion
Maturity:	May 28, 2025
Description:	Sukuk
Bookrunners:	CIMB Group, Dubai Islamic Bank, HSBC, JPMorgan
Coupon:	4 3/8%
Price:	Par
Yield:	4 3/8%
Trade date:	May 21
Settlement date:	May 28
Expected ratings:	Moody’s: Baa3
	Standard & Poor’s: BB+
	Fitch: BBB-
Distribution:	Rule 144A and Regulation S
Price talk:	4.55% area

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