Indonesia launches dollar-denominated notes in three tranches

By Rebecca Melvin

New York, Dec. 4 – The Republic of Indonesia planned to price U.S. dollar-denominated notes in three tranches (expected ratings Baa3/BBB-/BBB-) on Monday, according to a market source.

Pricing was tightened to the 3.05% area for the five-year notes from the 3.3% area initially. Area refers to a swing of 5 basis points on either side of the target price.

The 10-year tranche was guided to the 3.60% area from the 3 7/8% area initially, and the 30-year notes were guided to a 4.45% area yield from a 4¾% area initially.

Citigroup, Deutsche Bank, ANZ and Goldman Sachs were joint bookrunners of the Securities-and-Exchange registered senior unsecured notes.

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