New Issue: Indonesia sells 3.6 trillion rupiah of 8 3/8% bonds due 2024, 7% bonds due 2027

By Susanna Moon

Chicago, June 6 – Indonesia’s Ministry of Finance sold 3.6 trillion rupiah of bonds in two tranches in a transaction conducted on May 31.

The issuer placed 1.5 trillion rupiah of 8 3/8% bonds due March 15, 2024 to yield 6.87% and 2.1 trillion rupiah of 7% bonds due May 15, 2027 to yield 7.07%, according to a term sheet.

The Islamic bonds will be tradable.

Issuer:	Republic of Indonesia
Issue:	Notes
Amount:	3.6 trillion rupiah
Pricing date:	May 31
Settlement date:	June 6
Distribution:	Private placement
2024 bonds
Amount:	1.5 trillion rupiah
Maturity:	March 15, 2024
Coupon:	8 3/8%
Yield:	6.87%
2027 bonds
Amount:	2.1 trillion rupiah
Maturity:	May 15, 2027
Coupon:	7%
Yield:	7.07%

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