Published on 12/1/2015 in the Prospect News Emerging Markets Daily.
New Issue: Indonesia prices $3.5 billion of notes due 2026, 2046
By Christine Van Dusen
Atlanta, Dec. 1 – Indonesia priced a combined $3.5 billion issue of 10- and 30-year notes (expected ratings: Baa3/BB+/BBB-) on Tuesday, according to an informed source.
The deal included $2.25 billion 4¾% 10-year notes that priced at 99.599 to yield 4.8%. The notes were talked at a yield in the 4.85% area.
The $1.25 billion 5.95% 30-year notes priced at 99.299 to yield 6%, matching talk.
BofA Merrill Lynch, CIMB, Citigroup and HSBC were the bookrunners for the Rule 144A and Regulation S deal.
| Issuer: | Indonesia
|
| Amount: | $3.5 billion
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, CIMB, Citigroup, HSBC
|
| Trade date: | Dec. 1
|
| Settlement date: | Dec. 8
|
| Expected ratings: | Moody's: Baa3
|
| Standard & Poor's: BB+
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Notes due 2026
|
| Amount: | $2.25 billion
|
| Maturity: | Jan. 8, 2026
|
| Coupon: | 4¾%
|
| Price: | 99.599
|
| Yield: | 4.8%
|
| Price talk: | 4.85% area
|
|
|
| Notes due 2046
|
| Amount: | $1.25 billion
|
| Maturity: | Jan. 8, 2046
|
| Coupon: | 5.95%
|
| Price: | 99.299
|
| Yield: | 6%
|
| Price talk: | 6%
|
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