The global bonds consist of series RI0126 worth US$2.26 billion and series RI0146 worth US$1.25 billion, the Directorate General of Financing and Risk Management at the Finance Ministry said in a press statement released on Wednesday.
The 10-year bonds series RI0126, due on January 8, 2026, was issued with a coupon value of 4.75 percent, with 62 percent of the bonds distributed in the United States, 14 percent in Europe, 10 percent in Asia (except Indonesia), and 14 percent in Indonesia.
Investor wise, 75 percent of the bonds went to asset managers, 18 percent to banks, 4 percent to insurance companies/pension funds and 2 percent to sovereign wealth funds.
The 30-year bonds series RI0146, due on January 8, 2046, were issued with a coupon value of 5.95 percent, with 50 percent of the bonds distributed in the United States, 26 percent in Europe, 22 percent in Asia (except Indonesia), and 2 percent in Indonesia.
Going by investor type, 71 percent of the bonds went to asset managers, 21 percent to insurance companies/pension funds, 6 percent to banks, 1 percent to private banks and 1 percent to sovereign wealth funds.
The final pricing (yield) is 20 basis points (bps) tighter than the initial price guidance of 5 percent for 10 year tenure and 12.5 basis points (bps) tighter than the initial price guidance of 6.125 percent for 30-year tenure.
The bonds were 2.3 times oversubscribed with total order book reaching US$8.1 billion, suggesting that investors confidence in and positive sentiments towards Indonesian economic outlook remain high.
Appointed as joint lead managers and joint bookrunners in the bond issue are BofA Merrill Lynch, CIMB, Citigroup and HSBC, while acting as co-managers are PT Bahana Securities, PT Danareksa Sekuritas, PT Mandiri Sekuritas and PT Trimegah Securities.(*)
Editor: Heru Purwanto
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