Manila Bulletin

Indonesia sells US$3.5-billion bonds

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HONG KONG – The government of the Republic of Indonesia raised a combined US$3.5 billion from a US dollardeno­minated bond offering in three tranches, according to a term sheet seen Friday by The Wall Street Journal. Indonesia sold US$750 million worth of five-year bonds with a 3.70% coupon, the term sheet said. The Southeast Asian nation also sold US$1.25 billion worth of 10-year bonds with a 4.35% coupon and US$1.5 billion worth of 30year bonds with a 5.25% coupon. The five-year bonds were sold at 99.767% of principal amount yielding 3.75%, while the 10-year bonds were sold at 99.592% of principal amount yielding 4.40% and the 30-year bonds were sold at 99.246% of principal amount yielding 5.30%, according to the term sheet. The bonds will be due on Jan. 8, 2022, Jan. 8, 2027, and Jan. 8, 2047 respective­ly, the term sheet said. The senior unsecured bonds were expected to be rated Baa3 by Moody’s Investor Services and BBB- by Fitch Ratings. Bank of America Merrill Lynch, Citigroup, HSBC and Standard Chartered Bank were joint bookrunner­s of the deal, according to the term sheet. (WSJ)

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