By Christine Van Dusen
Atlanta, Aug. 4 – Indonesia priced a combined ¥100 billion of Samurai notes in three-, five- and 10-year tranches on Tuesday, according to an announcement from the sovereign.
The deal included ¥22.5 billion 1.08% notes due 2018 that priced at par, ¥22.5 billion 1.38% notes due 2020 that priced at par and ¥55 billion 0.91% notes due 2025 that priced at par.
The 10-year notes are guaranteed by the Japanese Bank for International Cooperation.
The three-year notes came at 87 basis points over the yen swap offer side, around the middle of talk for a spread of 70 to 110 bps.
The five-year notes priced at 108 bps over the yen swap offer side, also around the middle of talk, in this case for a spread of 80 to 130 bps.
The 10-year notes came at 27 basis points over the yen swap offer side, again around the middle of talk which was at 20 to 30 bps for this tranche.
SMBC Nikko Securities, Nomura Securities and Mizuho Securities were the bookrunners for the deal, which was sold to institutional investors in Japan.
| Issuer: | Indonesia
|
| Amount: | ¥100 billion
|
| Description: | Notes
|
| Bookrunners: | SMBC Nikko Securities, Nomura Securities, Mizuho Securities
|
| Trade date: | Aug. 4
|
| Settlement date: | Aug. 13
|
|
|
| Three-year notes
|
| Amount: | ¥22.5 billion
|
| Maturity: | Aug. 13, 2018
|
| Coupon: | 1.08%
|
| Price: | Par
|
| Yield: | 1.08%
|
| Spread: | Swap offer plus 87 bps
|
| Talk: | Swap offer plus 70 to 110 bps
|
|
|
| Five-year notes
|
| Amount: | ¥22.5 billion
|
| Maturity: | Aug. 13, 2020
|
| Coupon: | 1.38%
|
| Price: | Par
|
| Yield: | 1.38%
|
| Spread: | Swap offer plus 108 bps
|
| Talk: | Swap offer plus 80 to 130 bps
|
|
|
| 10-year notes
|
| Amount: | ¥55 billion
|
| Maturity: | Aug. 13, 2025
|
| Coupon: | 0.91%
|
| Price: | Par
|
| Yield: | 0.91%
|
| Spread: | Swap offer plus 27 bps
|
| Talk: | Swap offer plus 20 to 30 bps
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
