Indonesia’s Pelindo sets talk for 10-, 30-year dollar notes

By Christine Van Dusen

Atlanta, April 23 – Indonesia’s PT Pelabuhan Indonesia II (Persero) (Pelindo II) set talk for an offering of dollar-denominated notes due in 10 and 30 years, a market source said.

The 10-year notes were talked at a yield in the 4 5/8% area.

The 30-year notes were talked at a yield in the 5 5/8% area.

ANZ, BNP Paribas, Citigroup, Bahana Securities and Danareska Sekuritas are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used to fund expansion, to refinance a syndicate loan and for general corporate purposes.

Pelindo is a Surabaya, Indonesia-based provider of port service facilities.

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