Indonesia's COVID-19 Vaccination and Economic Resilience Strategy
Republic of Indonesia Sustainable Development Goals
(SDG BOND) EUR500 Million
Issuer
Issuer Rating
Format
Settlement Date
Republic of Indonesia
Moody's: Baa2 (Stable) / S&P: BBB (Negative) / Fitch: BBB (Stable)
SEC-Registered
September 23, 2021
Tranche
Currency
USD Tap of 2031s
USD
USD 40 Year
USD
EUR Long-12 Year
EUR
Issue Size
$650 million
€500 million (SDG)
Original Principal
$600 million
Amount
Reopening Size
$600 million
Maturity
July 28, 2031
September 23, 2061
March 23, 2034
Coupon (p.a.)
2.150%
3.200%
1.300%
Reoffer Yield
Reoffer Price
Use of Proceeds
Listing
2.180%
99.734%
3.280%
98.225%
Repurchase certain of its outstanding global
bonds pursuant to its tender offer
announced on September 13, 2021
1.351%
99.419%
Invest in projects that
may qualify as
Eligible SDGs
Expenditures
SGX-ST and Frankfurt Stock Exchange
Transaction Highlights
■ Debut Sustainable Development Goals (SDG) EUR
issuance by an Asian Sovereign
■ Debut Liability Management transaction and Debut
US$ 40 Year issuance by ROI
■ Tightest ever spread achieved by ROI for a US$ 10Y
issuance to date yet again (implied spread of +85.8
over 10Y UST)
■ Tightest ever spread achieved by ROI for a EUR 12 /
long-12 Year issuance
■ Achieved zero to negative new issue concessions
across all 3 tranches despite a crowded primary
market on the day of bookbuild
■ The successful debut SDG Offering demonstrates
Rol's commitment towards financing environmental
and social projects in contribution to the 2030
National Development Agenda and to be aligned with
the SDGs.
Source: Ministry of Finance
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