By Christine Van Dusen
Atlanta, Sept. 26 – PT Pelabuhan Indonesia III (Persero) sold $500 million 4 7/8% 10-year notes (expected Baa3/BB+/BBB-) at 99.414 to yield 4.95% on Thursday, a market source said.
ANZ, Credit Suisse and Standard Chartered Bank were the bookrunners for the Rule 144A and Regulation S deal.
The notes attracted a final order book of more than $6.4 billion from more than 300 accounts.
Persero is a Surabaya, Indonesia-based provider of port service facilities.
| Issuer: | PT Pelabuhan Indonesia III (Persero)
|
| Amount: | $500 million
|
| Maturity: | Oct. 1, 2024
|
| Description: | Senior notes
|
| Bookrunners: | ANZ, Credit Suisse, Standard Chartered Bank
|
| Coupon: | 4 7/8%
|
| Price: | 99.414
|
| Yield: | 4.95%
|
| Trade date: | Sept. 25
|
| Settlement date: | Oct. 1
|
| Expected ratings: Moody’s: Baa3
|
| Standard & Poor’s: BB+
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
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