Indonesia US$ sukuk 5yr / 10yr green books 6bn+
* Combined books over $6bn (incl $2.0021bn JLM interests) (11:26am)
* Combined books over $3.1bn (incl $1.0061bn JLM interests) (8:21am)
The Republic of Indonesia has announced initial price guidance for a dual-tranche US dollar sukuk offering, with the five-year marketed at 4.85% area and the 10-year green at 5.5% area.
The senior 144A/3(c)(7)/Reg S deal is being issued by Perusahaan Penerbit SBSN Indonesia III, while the government is the obligor. The notes will be rated in line with the country at Baa2/BBB/BBB.
The proceeds will be used for general financing requirements, with the green proceeds to go to finance or refinance green expenditures.
The notes will be listed in Singapore and Dubai.
Bank of America, Deutsche Bank, Dubai Islamic Bank, HSBC and Mandiri Securities are the bookrunners. BRI Danareksa Sekuritas and Trimegah Sekuritas Indonesia are the co managers.