Investor Presentaiton
Republic Of Indonesia USD1.75 Bn Global Bonds Issuance
& Liability Management USD1.57bn
Investor Breakdown by Region
19%
42%
23%
10Y
16%
US
Issuer
Issuer
Rating
34%
40%
Format
APAC
30Y
Pricing
Date
EMEA
50%
AM/FM
8%
Settlement
Date
Republic of Indonesia
Baa2 Moody's (Stable) BBB S&P
(Negative)
BBB Fitch (Stable)
SEC-Registered Shelf Take-Down
March 22, 2022
March 31, 2022
Investor Breakdown by Investor Type
Issue Size
USD1,75 bn
3%
Tenor
10year
30year
Insurance/PF
27
30Y
Maturity
Tranche
Size
March 31, 2032
March 31, 2052
USD1,0 bn
USD750 milion
9%
■Bariks
65%
65%
Coupon
(p.a.)
3.550%
■CB/SSAS
Price
99.583
Yield (p.a.)
Listing
3.600%
10Y
Tender Offer Result
• On March 29, 2022, Republic of Indonesia announced the
results of its second Tender Offer Exercise (the "Tender
Offer" or "Liability Management Exercise") launched on
nine series of Notes (the "Old Bonds").
• The Republic repurchased a total nominal amount of USD
467,485,000, accepting in full instructions received on its
5.375% Global Bonds due 2023, 5.875% Global Bonds
due 2024, and 4.450% Global Bonds due 2024, while
applying a pro-ration factor of 21.06% on its 4.750%
Global Bonds due 2026. The Republic did not accept
instructions received on the other series of the Old
Bonds. The total cash consideration amounted to USD
499,999,756.
⚫ The table below sets forth, for each series of Old Bonds
accepted for purchase, the principal amount accepted for
purchase, and where applicable, the proration factor:
OM Bonds
Principal Amount Accepted
4.300%
2.360% due 2023
3.375% due 2023
5.375 d. 2023
5.5/5 dac 2024
99.167
4.450% due 2024
4.125% due 2025
4.350%
1.750 due 2025
1.350% due 2027
3. 2007
for Purchase
U.3.50
U5.50
US$1,448,00
US8273,55000
LIS $52,152,000
U.3.50
US $80,258.000
U.3.50
LL6.50
Proration Factor
NA
NA
100%
100
100%
NIA
21.05%
NA
NIA
Transaction Highlights
•
•
Skillfully navigated through the challenging
market backdrop and a 30-year tranche
represents the longest tenor issued by an
Asian Sovereign in 2022YTD.
Strong orderbook allowing significant price
tightening from IPG
Source: Ministry of Finance
Use of
Proceeds
Singapore, Frankfurt Stock Exchange
To repurchase certain of the Republic's
outstanding global bonds pursuant to
its tender offer separately announced
on March 22, 2022, including related
costs and expenses thereof, and any
remaining net proceeds for the
general purposes of the Republic
• This Liability Management Exercise is a part of the
Republic's general cash management program and its
broader program to manage its external liabilities. This is
the second buyback exercise by the Republic in the past
12 months following the first Liability Management
Exercise conducted in September 2021 and is in line with
the Republic's goals of extending its debt maturity profile
and achieving cost savings through the reduction of
interest expense.
85View entire presentation