Indonesia talks €1 billion seven-year notes at mid-swaps plus 115 bps, also 10-year dollar notes

By Rebecca Melvin

New York, April 17 – The Republic of Indonesia announced plans to price euro- and U.S. dollar-denominated notes (Baa2/BBB-) on Tuesday, according to market sources.

The €1 billion of seven-year notes launched at a final yield spread of mid-swaps plus 115 basis points, which was tightened from guidance of mid-swaps plus 120 bps to 125 bps.

The dollar tranche of 10-year notes was being talked in the 4.15% yield area, plus or minus 2 bps. But no deal size was yet available.

Joint lead managers and joint bookrunners of the Securities and Exchange Commission-listed notes are Credit Agricole CIB, Deutsche Bank, Goldman Sachs, HSBC and Mandiri Securities.

Co-managers are PT Danareksa Sekurities, PT Trimegah Sekuritas Indonesia Tbk. and PT Bahana Sekurities.

Application is being made to list the securities on the Singapore Exchange Securities Ltd.

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