By Mary-Katherine Stinson
Lexington, Ky., April 8 – PT Bank Negara Indonesia (Persero) Tbk. priced $500 million of 5.28% senior notes due 2029 (BBB/BBB-) at par under its $2 billion euro medium-term note program, according to a pricing supplement.
The notes are putable at par because of a change of control and for taxation reasons but are otherwise non-callable.
The joint lead managers and joint bookrunners for the Regulation S deal are BNI Securities Pte. Ltd., Citigroup Global Markets Inc. and J.P. Morgan Securities plc.
The issuer is based in Jakarta Pusat, Indonesia, and provides personal and business banking services.
| Issuer: | PT Bank Negara Indonesia (Persero) Tbk.
|
| Amount: | $500 million
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| Issue: | Senior notes, series 002, tranche 001
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| Maturity: | April 5, 2029
|
| Bookrunners: | BNI Securities Pte. Ltd., Citigroup Global Markets Inc. and J.P. Morgan Securities plc
|
| Coupon: | 5.28%
|
| Price: | Par
|
| Yield: | 5.28%
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| Change of control: | At par
|
| Pricing date: | March 27
|
| Issue date: | April 5
|
| Ratings: | S&P: BBB
|
| Fitch: BBB-
|
| Distribution: | Regulation S
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| ISIN: | XS2785437901
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