New Issue: Indonesia's Persero prices $1.35 billion 5 1/8% 10-year notes to yield 5¼%

By Christine Van Dusen

Atlanta, May 13 - Indonesia's PT Perusahaan Gas Negara (Persero) Tbk. sold $1.35 billion 5 1/8% 10-year notes (expected ratings: Baa3/BB+/BBB-) at 99.037 to yield 5¼%, or Treasuries plus 259.4 basis points, a market source said.

ANZ Banking Group, JPMorgan and Standard Chartered Bank were the bookrunners for the Rule 144A and Regulation S deal.

Persero is a Jakarta-based distributor and transmitter of natural gas.

Issuer:	PT Perusahaan Gas Negara (Persero) Tbk.
Amount:	$1.35 billion
Maturity:	May 16, 2024
Description:	Senior notes
Bookrunners:	ANZ, JPMorgan, Standard Chartered Bank
Coupon:	5 1/8%
Price:	99.037
Yield:	5¼%
Spread:	Treasuries plus 259.4 bps
Trade date:	May 12
Settlement date:	May 16
Expected ratings:	Moody's: Baa3
	Standard & Poor's: BB+
	Fitch: BBB-
Distribution:	Rule 144A and Regulation S

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.