Indonesia's COVID-19 Vaccination and Economic Resilience Strategy
Republic of Indonesia Samurai Bond JPY 81.0bn
Summary of Terms & Conditions
Issuer
Expected. Bond Rating
Format
Pricing Date
Settlement Date
Deal Size
Series
Tenor
Coupon
Tranche Size
Re-offer Spread over TONA Yen Mid Swap
Joint Lead Arrangers
3yr
Life Ins.
10%
Others
International
16%
5%
Shinkire,
etc.
5%
Regional
20%
Cerbal
63%
Regional
BK
11%
Pub. Funds
(central)
3%
Republic of Indonesia
Baa2 Moody's BBB S&P / BBB Fitch
Samurai
June 2, 2022
June 9, 2022
JPY 81.0bn
RIJPY0625 RIJPY0627
3-year
0.96%
5-year
1.13%
JPY 68.2bn
JPY 5.1bn
RIJPY0629
7-year
1.27%
JPY 1.7bn
YMS+90
YMS+100
YMS+105
5yr
Prop. Ins
RIJPY0632
10-year
1.45%
JPY 6.0bn
YMS+110
Daiwa/Mizuho/Nomura/Morgan Stanley
Investor Breakdown by Amount
7yr
International
12%
Transaction Highlight
•
•
The largest Samurai bond transaction issued in
2022 so far. This deal represents Rol's eighth
consecutive year accessing the Samurai market
with benchmark sized transaction since 2015
With the global market volatility being high on
the back of tightening monetary policies and
heighted geopolitical risk, Rol took the strategy
to swiftly access to the market by shortening the
marketing period
Even with the shortened 2-day official marketing
period compared to previous issuance, Japanese
investors were ready to invest in Rol Samurai and
giving order from early stage of the marketing.
Orderbook grew solidly during the marketing; the
final order book exceeding the issuance size
Others
174
10yr
Total
Life Is
9%
Prop. Ins.
0.2%
International
17%
City BVK
12%
City
AM
22%
FUK
157
International
43%
Central
21%
Shirkins, etc.
Regional
33%
AM
Central
Cooperative
15%
20%
素
Source: Ministry of Finance
Others
Regional
B8%
Others
88%
Regional
17%
Central
NEW
Others
9%
Regional
Shinkins, etc. 22%
Central
61%
4%
Regional
AMM
25%
BIK
AM
9%
83%
Pub. Funds
(central)
3%
Central
Cooperative
12%
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