By Angela McDaniels
Tacoma, Wash., June 11 – The Republic of Indonesia priced $750 million of 3.4% bonds due 2029 and €750 million of 1.45% bonds due 2026, according to FWP filings with the Securities and Exchange Commission.
The dollar-denominated bonds priced at 99.561 to yield 3.45%, or 130.5 basis points over U.S. Treasuries.
The euro-denominated bonds priced at 99.744 to yield 1.487%, or mid-swaps plus 145 bps.
The joint lead managers and underwriters for the SEC-registered bonds (Baa2//BBB) were Citigroup Global Markets Inc., Credit Agricole CIB, Deutsche Bank AG, London Branch, Hongkong and Shanghai Banking Corp. Ltd., Mandiri Securities Pte. Ltd. and Standard Chartered Bank.
The bonds are expected to be listed on the Singapore Exchange Securities Trading Ltd. and the Frankfurt Stock Exchange
The republic plans to use proceeds for general purposes, including partially funding its general financing requirements.
| Issuer: | Republic of Indonesia
|
| Issue: | Bonds
|
| Bookrunners: | Citigroup Global Markets Inc., Credit Agricole CIB, Deutsche Bank AG, London Branch, Hongkong and Shanghai Banking Corp. Ltd., Mandiri Securities Pte. Ltd. and Standard Chartered Bank
|
| Co-managers: | PT Bahana Sekuritas and PT Trimegah Sekuritas Indonesia Tbk.
|
| Pricing date: | June 11
|
| Settlement date: | June 18
|
| Ratings: | Moody’s: Baa2
|
| Fitch: BBB
|
| Distribution: | SEC registered
|
|
|
| Dollar bonds
|
| Amount: | $750 million
|
| Maturity: | Sept. 18, 2029
|
| Coupon: | 3.4%
|
| Price: | 99.561
|
| Yield: | 3.45%
|
| Spread: | Treasuries plus 130.5 bps
|
|
|
| Euro bonds
|
| Amount: | €750 million
|
| Maturity: | Sept. 18, 2026
|
| Coupon: | 1.45%
|
| Price: | 99.744
|
| Yield: | 1.487%
|
| Spread: | Mid-swaps plus 145 bps
|
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