New Issue: Indonesia prices $2.5 billion of notes in five-, 10-year tranches

By Christine Van Dusen

Atlanta, March 22 – Indonesia priced a combined $2.5 billion of Islamic bonds on Monday in tranches due in 2021 and 2026 (expected ratings: Baa3/BB+/BBB-), a market source said.

The deal included $750 million 3.4% notes due 2021 that priced at par to yield 3.4%.

Also, $1.75 billion of notes due 2026 priced at par to yield 4.55%.

CIMB, Citigroup, Deutsche Bank, Dubai Islamic Bank and Standard Chartered Bank were the bookrunners for the Rule 144A and Regulation S deal.

Issuer:	Indonesia
Amount:	$2.5 billion
Description:	Islamic bonds
Bookrunners:	CIMB, Citigroup, Deutsche Bank, Dubai Islamic Bank, Standard Chartered Bank
Co-managers:	PT Bahana Securities, PT Danareksa Sekuritas
Trade date:	March 21
Settlement date:	March 29
Expected ratings:	Moody's: Baa3
	Standard & Poor's: BB+
	Fitch: BBB-
Distribution:	Rule 144A and Regulation S
Five-year notes
Amount:	$750 million
Maturity:	March 29, 2021
Coupon:	3.4%
Price:	Par
Yield:	3.4%
10-year notes
Amount:	$1.75 billion
Maturity:	March 29, 2026
Coupon:	4.55%
Price:	Par
Yield:	4.55%

© 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.