By Christine Van Dusen
Atlanta, March 23 – Indonesia priced $3 billion in two tranches of Islamic bonds due in five and 10 years (expected rating: //BBB-), a market source said.
The $1 billion notes due 2022 priced at par to yield 3.4%, following talk of 3¾%.
The $2 billion notes due 2027 priced at par to yield 4.15%, following talk of 4½%.
The notes were issued via Perusahaan Penerbit SBSN Indonesia III (PPSI-III).
Deutsche Bank, HSBC, Mandiri Securities, National Bank of Abu Dhabi and Standard Chartered were the joint bookrunners for the Rule 144A and Regulation S deal.
| Issuer: | Perusahaan Penerbit SBSN Indonesia III
|
| Amount: | $3 billion
|
| Description: | Islamic bonds
|
| Bookrunners: | Deutsche Bank, HSBC, Mandiri Securities, National Bank of Abu Dhabi and Standard Chartered
|
| Co-managers: | Bahana Securities, Danareksa Sekuritas, Trimegah Sekuritas Indonesia
|
| Trade date: | March 22
|
| Expected rating: | Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Five-year notes
|
| Amount: | $1 billion
|
| Maturity: | 2022
|
| Coupon: | 3.4%
|
| Price: | Par
|
| Yield: | 3.4%
|
| Price talk: | 3¾%
|
|
|
| 10-year notes
|
| Amount: | $2 billion
|
| Maturity: | 2027
|
| Coupon: | 4.15%
|
| Price: | Par
|
| Yield: | 4.15%
|
| Price talk: | 4½%
|
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