New Issue: Indonesia prices €1.5 billion 3 3/8% notes due 2025 at 250 bps spread

By Christine Van Dusen

Atlanta, July 24 – Indonesia priced a €1.5 billion issue of 3 3/8% notes due 2025 (Baa3/BB+/BBB-) at 98.507 to yield 3.555%, or Treasuries plus 250 basis points, according to a filing and a market source.

Deutsche Bank, Societe Generale CIB, Standard Chartered Bank, PT Bahana Sekuritas, PT Danareska Sekuritas and PT Mandiri Sekuritas were the bookrunners for the Rule 144A and Regulation S deal.

Issuer:	Indonesia
Amount:	€1.5 billion
Maturity:	2025
Description:	Notes
Bookrunners:	DB, Societe Generale, Standard Chartered Bank, PT Bahana Sekuritas, PT Danareska Sekuritas, PT Mandiri Sekuritas
Coupon:	3 3/8%
Price:	98.507
Yield:	3.555%
Spread:	Treasuries plus 250 bps
Trade date:	July 24
Ratings:	Moody’s: Baa3
	Standard & Poor’s: BB+
	Fitch: BBB-
Distribution:	Rule 144A/Regulation S

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