Indonesia satisfies funding needs with $2.5 billion 10-year bond

Indonesia prices its $2.5 billion 10-year bond, closing one of the largest single tranche dollar bonds by an Asian borrower.

The Republic of Indonesia late last night priced a $2.5 billion 10-year bond at a yield of 5.1%, at the final guidance.

The coupon was fixed at 4.875%, the lowest coupon ever achieved by Indonesia for a 10-year dollar bond. The notes were reoffered at 98.254.

The leads had told investors that Indonesia would raise between $2 billion to $2.5 billion and it ended up achieving the high end of the targeted issue size. The deal is one of the largest single-tranche US dollar offerings by an Asian borrower.

Deutsche Bank, J.P. Morgan and UBS were joint bookrunners.

...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222