Published on 7/12/2017 in the Prospect News Emerging Markets Daily.
New Issue: Indonesia prices $2 billion of 10-, 30-year senior notes
By Rebecca Melvin
New York, July 12 – The Republic of Indonesia priced $2 billion of notes in two tranches of 10-year and 30-year paper, according to a syndicate source.
The sovereign priced $1 billion of 3.85% 10-year notes at 99.589 for a yield of 3.9% and $1 billion of 4¾% 30-year notes at 99.209 for a 4.8% yield.
The Rule 144A and Regulation S notes (expected ratings Baa3//BBB-) were sold via joint bookrunners BNP Paribas, Citigroup, Deutsche Bank and Goldman Sachs (Singapore) Pte.
| Issuer: | Indonesia
|
| Amount: | $2 billion
|
| Description: | Senior notes
|
| Bookrunners: | BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs (Singapore) Pte.
|
| Pricing date: | July 12
|
| Settlement date: | July 18
|
| Ratings: | Moody’s: Baa3
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Notes due 2027
|
| Amount: | $1 billion
|
| Description: | Senior notes
|
| Maturity: | July 18, 2027
|
| Coupon: | 3.85%
|
| Price: | 99.589
|
| Yield: | 3.9%
|
|
|
| Notes due 2047
|
| Amount: | $1 billion
|
| Description: | Senior notes
|
| Maturity: | July 18, 2047
|
| Coupon: | 4¾%
|
| Price: | 99.209
|
| Yield: | 4.8%
|
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