Indonesia intends to price dollar notes in three tranches

By Rebecca Melvin

New York, Dec. 3 – The Republic of Indonesia plans to sell U.S. dollar-denominated notes (Baa2/BBB-/BBB) in three tranches, according to a 424B3 filing with the Securities and Exchange Commission.

Joint lead managers and joint bookrunners are ANZ, Citigroup Global Markets Inc., DBS Bank Ltd., Deutsche Bank AG and Goldman Sachs (Singapore) Pte.

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

The bonds contain collective action clauses differing from debt issued prior to 2015 and allow modifications affecting reserve matters listed in the indenture, including modifications to payment.

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

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