Published on 8/29/2018 in the Prospect News Emerging Markets Daily.
New Issue: Indonesia sells Rp 6 trillion of 8% sukuk negara, 8% notes, 8¼% issue
By Susanna Moon
Chicago, Aug. 29 – Indonesia’s Ministry of Finance issued Rp 1.5 trillion of 8% sukuk negara due 2023, Rp 3.5 trillion of 8% government notes and Rp 1 trillion of 8¼% government notes due 2036.
The sukuk negara are non-tradable and priced to yield 8%; the 8% notes are non-tradable and priced to yield 8%; and the 8¼% notes are tradable and priced to yield 8.36%, according to three separate term sheets.
| Issuer: | Republic of Indonesia
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| Amount: | Rp 6 trillion
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| Distribution: | Private placement
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| Settlement date: | Aug. 29
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|
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| Sukuk due 2023
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| Issue: | PBSNT-001 sukuk negara
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| Amoung: | Rp 1.5 trillion
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| Maturity: | Aug. 29, 2023
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| Coupon: | 8%
|
| Price: | Par
|
| Yield: | 8%
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|
|
| Notes due 2023
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| Issue: | Series FRNT0001 notes
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| Amount: | Rp 3.5 trillion
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| Maturity: | Aug. 29, 2023
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| Coupon: | 8%
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| Price: | Par
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| Yield: | 8%
|
|
|
| Notes due 2036
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| Issue: | Series FR0072 notes
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| Amount: | Rp 1 trillion
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| Maturity: | May 15, 2036
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| Coupon: | 8¼%
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| Yield: | 8.36%
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