The bonds were oversubscribed more than 3.7 times, Pertamina President Director Karen Agustiawan said in a press statement issued on Thursday night.
"This indicates investors` trust in Pertamina," she said.
The 10 year bonds of US$1.25 billion due on May 2022 were issued at a coupon of 4.875 percent, at a price of 99.414 and a yield of 4.95 percent.
The 30 year bonds of US$1.25 billion due on May 2042 were issued at a coupon of 6 percent, at a price of 98.631 and a yield of 6.1 percent.
"The coupon is the lowest among those of all global bonds issued by Indonesian companies in the international money market," she said.
She said 47 percent of the 10 year bonds was bought by Asian investors, 24 percent by European investors and 29 percent by US investors.
In terms of institutions, 62 percent of the bonds went to investment managers, 15 percent to the banking industry, 8 percent to insurance and pension fund institutions, 7 percent to central banks and state investment managing institutes and 8 percent to private banks.
Meanwhile, 32 percent of the 30 year bonds was bought by Asian investors, 23 percent by European investors and 45 percent by US investors.
She said investment managers bought 75 percent of the 30 year bonds, the banking industry 7 percent, insurance and pension fund institutions 10 percent, central banks and state investment managing institutes 2 percent and private banks 6 percent.
Pertamina will use proceeds from the issuance of the bonds to finance capital expenditures and operating expenses.
The company has appointed Barclays Bank PLC, Citigroup Global Markets Limited, and the Hong Kong and Shanghai Banking Corporation Limited respectively as joint bookrunners" and "joint lead managers".
Meanwhile, PT Bahana Securities, PT Danareksa Sekuritas, and PT Mandiri Sekuritas act as co-managers.
The bonds have received a BBB- rating from Fitch and Baa3 from Moody`s. The bonds` outlook is stable.
Earlier, in May 2011, Pertamina raised US$1.5 billion from the sale of global bonds. (*)
Editor: Kunto Wibisono
Copyright © ANTARA 2012
