2022 State Budget: Fiscal Policy and Structural Reform

Republic of Indonesia Sustainable Development Goals (SDG BOND) EUR500 Million Issuer Republic of Indonesia Issuer Rating Moody's: Baa2 (Stable) / S&P: BBB (Negative) / Fitch: BBB (Stable) Format SEC-Registered September 23, 2021 Settlement Date EUR Long-12 Year EUR €500 million (SDG) Tranche Currency USD Tap of 2031s USD USD 40 Year USD Issue Size $650 million Original Principal $600 million Amount Reopening Size $600 million Maturity July 28, 2031 September 23, 2061 March 23, 2034 Coupon (p.a.) 2.150% 3.200% 1.300% Reoffer Yield 2.180% 3.280% Reoffer Price 99.734% 98.225% Use of Proceeds Listing Repurchase certain of its outstanding global bonds pursuant to its tender offer announced on September 13, 2021 1.351% 99.419% Invest in projects that may qualify as Eligible SDGs Expenditures SGX-ST and Frankfurt Stock Exchange Transaction Highlights ■ Debut Sustainable Development Goals (SDG) EUR issuance by an Asian Sovereign ■ Debut Liability Management transaction and Debut US$ 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 125 125

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