The Directorate General of Financing Management and Risk said here on Wednesday the bonds will be issued in two series G and H respectively valued at 62 billion yens and 38 billion yens.
The G series is for three years maturing on June 21 in 2019 with a coupon rate of 0.83 percent.
The investors buying the G series bonds will include City Bank 10.5 percent, Public Funds 25 percent, Life Insurance companies 4.8 percent, Asset Manager/Fund Manager 11.3 percent, regional banks 4.8 percent Shinkins/Community Bank 3.6 percent and other investors 40 percent.
The H series bonds are to be repayable in 5 years maturing in June 2021 with a coupon rate of 1.16 percent.
The investors buying the H series bonds will include City Bank (52.6 percent), Dana Publik (25.8 percent), regional banks (9.2 percent), Shinkins/Community Bank (2.6 percent) and other investors 9.8 percent
The two series of yen denominated bonds would be issued on 21, June this year with joint Lead Arrangers Mitsubishi UFJ Morgan Stanley Securities Co. Ltd, Mizuho Securities Co. Ltd and SMBC Nikko Securities Inc.
The Samurai Bonds of Indonesia have been given a rating of Baa3 by Moodys, BBB- by Fitch and BBB- by R&I.
Demands for the bonds are strong from Japanese investors. The largest demands have come mainly from banks, Shinkins/Community Bank, public Fund, life insurance companies and asset managers.
Meanwhile, the government has issued two series of euro denominated bonds (Euro Bonds)- RIEUR0623 and RIEUR0628 valued at 3 billion, also to help finance the state budget.
According to a news release of the Directorate General of Financing Management and Risk, received here on Wednesday, each series of the bonds was valued at 1.5 billion euros.
The RIEUR0623 would be repayable in 7 years maturing on the 14th of June, 2023 with a coupon rate of 2.625 percent.
The investors buying the series were from Britain accounting for 31 percent, Germany and Austria for 7 percent, Scandinavia and Switzerland for 8 percent, and other European countries for 12 percent, the United States for 21 percent, other Asian countries 10 percent and Indonesia 11 percent.
The groups of investors included Asset Managers/Fund Managers accounting for 68 percent, Banks/Private Banks for 21 percent, Insurance/Pension Fund for 4 percent and Central Banks/Sovereign Funds for 7 percent.
The bond series of RIEUR0628 is for 12 years maturing on the 14th June of 2028 with a coupon rate of 3.75 percent.
The investors buying the series were from Britain accounting for 29 percent, Germany and Austria for 6 percent, Scandinavia and Switzerland for 7 percent, other European countries for 7 percent, the United States for 39 percent, other Asian countries for 10 percent and Indonesia for 2 percent.
The groups of investors included Asset Managers/Fund Managers accounting for 76 percent, Banks/Private Banks for 6 percent, Insurance/Pension Fund companies for 8 percent and Central Banks/Sovereign Funds for 10 percent.
There offer was oversubscribed 2.8 times with demand received valued at 8.36 billion euros
The bond sales were the largest in such deal ever made by the Indonesian government and it was the first dual tranche transaction with the longest term for euro denomination bonds.
It was also the largest foreign exchange bond transaction ever made by a non European country and country in Asia.
Part of the demands came from new investors taking part for the first time in transaction of euro bond issued by the Indonesian government.
The issuance of the euro bonds was in line withe government policy of diversifying bases of its global investors.
The transaction radiated positive sentiment and reflected confidence of investors in Indonesian economy, the government said.
The euro bonds issued by Indonesia have been given a rating of BBB- (stable) by Fitch, BB+ (positive) by S&P, and Baa3 (stable) by Moodys.
The joint lead managers and Joint Book Runners for the bonds were Barclays Capital, Deutsche Bank AG, J.P. Morgan Securities (Asia Pasific) Ltd and Societe Generale with PT Bahana Securities, PT Danareksa Sekuritas, PT Mandiri Sekuritas and PT Trimegah Securities, acting as the co-Managers.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2016
