By Rebecca Melvin
New York, Oct. 24 – The Republic of Indonesia priced $1 billion of 3.7% bonds due 2049 and €1 billion of 1.4% bonds due 2031, according to FWP filings with the Securities and Exchange Commission.
The dollar-denominated bonds priced at 99.104 to yield 3¾%, or 150.7 basis points over U.S. Treasuries.
The euro-denominated bonds priced at 99.868 to yield 1.412%, or mid-swaps plus 130 bps. That pricing was tightened from initial talk of mid-swaps plus 160 bps.
The SEC-registered notes (Baa2/BBB/BBB) were sold by joint bookrunners BNP Paribas, Citigroup Global Markets Inc., Goldman Sachs (Singapore) Pte., Mandiri Securities Pte. Ltd. and Standard Chartered Bank.
The securities are expected to be listed on the Singapore Exchange Securities Trading Ltd. and the Frankfurt Stock Exchange.
| Issuer: | Republic of Indonesia
|
| Issue: | Bonds
|
| Bookrunners: | BNP Paribas, Citigroup Global Markets Inc., Goldman Sachs (Singapore) Pte., Mandiri Securities Pte. Ltd. and Standard Chartered Bank.
|
| Co-managers: | PT Danareksa Sekuritas and PT Trimegah Sekuritas Indonesia
|
| Pricing date: | Oct. 23
|
| Settlement date: | Oct. 30
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB
|
| Fitch: BBB
|
| Distribution: | SEC registered
|
|
|
| Dollar bonds
|
| Amount: | $1 billion
|
| Maturity: | Oct. 30, 2049
|
| Coupon: | 3.7%
|
| Price: | 99.104
|
| Yield: | 3.75%
|
| Spread: | Treasuries plus 150.7 bps
|
|
|
| Euro bonds
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| Amount: | €1 billion
|
| Maturity: | Oct. 30, 2031
|
| Coupon: | 1.4%
|
| Price: | 99.868
|
| Yield: | 1.412%
|
| Spread: | Mid-swaps plus 130 bps
|
| Price talk: | Initial price talk of mid-swaps plus 160 bps, tightened to plus 135-140 bps
|
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