Indonesia to start roadshow Feb. 27 week for benchmark dollar-denominated bonds

By Paul A. Harris

St. Louis, Feb. 23 - The Republic of Indonesia will begin a roadshow in the Feb. 27 week in Asia, London and the United States for a benchmark-sized offering of dollar-denominated fixed-rate bonds (B2/B+), according to a market source.

The structure of the bonds remains to be determined.

Barclays Capital, JP Morgan and UBS will lead the offering, which will be marketed via Rule 144A and Regulation S.

In early October, Indonesia sold $1.5 billion of bonds in two tranches, including $900 million of 7½% bonds due January 2016 at 99.139 to yield 7 5/8% and $600 million 8½% bonds due October 2035 at 98.666 to yield 8 5/8%.

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