Investor Presentaiton
Republic of Indonesia -
Dual Currency USD1,65bn and EUR500mio
Issuer
Issuer Rating
Format
Pricing Date
Settlement Date
Republic of Indonesia
Baa2 Moody's (Stable) BBB S&P (Neg) BBB Fitch (Stable)
SEC Registered
July 21, 2021
July 28, 2021
Allocation by Investor Type
Allocation by Geography
Banks
21%
PB/Others
1%
EMEA
US
23%
19%
US$ 10 Y
PF/INS/
SWF/CB
AM/FM
APAC
21%
57%
58%
Banks 4%
Currency
Series
RI0731
USD
RI0351
(Reopening)
PB/Others
EMEA
US
1%
21%
28%
RI0371
(Reopening)
US$ Tap of
'51s
PF/INS/
SWF/CB
49%
APAC
Issue Size
US$600 million
US$750 million
US$300 million
AM/FM
46%
51%
Tenor
Maturity
10-year
July 28, 2031
30-year
50-year
Banks 1%
PB/Others
1%
FMEA
32%
March 12, 2051
March 12, 2071
US$ Tap of
'71s
PF/INS/
US
46%
Coupon (p.a.)
2,150%
3,050%
3,350%
SWF/CB
AM/FM
88%
APAC 22%
10%
Yield
2,200%
3,100%
3,350%
Banks 6%
Price
99,553%
99,031%
99,995%
Listing
Singapore, Frankfurt Stock Exchange
EUR
BY
PF/INS/
SWF/CB
16%
PB/Others
2%
US 8%
APAC
20%
AM/FM
Use of
Proceeds
General Purposes, Including Covid-19 relief efforts
EMEA
76%
72%
Transaction Highlights
•
.
Tightest ever spread achieved by ROI for a US$ 10Y issuance to date (Implied spread of +90.8bps over 10Y UST)
Tightest ever spread and yield achieved by ROI for a EUR 8Y transaction
.
•
-
Achieved negative new issue concessions across all 4 tranches despite UST volatility and a crowded primary market on the day of bookbuild
For the USD tranches, garnered total orders of >US$4.7 bn at reoffer
representing oversubscription of 2.4x
• The transaction marks one of the larger global offering by the Republic and as such demonstrates the Republic's ability to respond swiftly to markets and capture
favorable issuance windows
representing oversubscription of 2.8x. For EUR, garnered orders of >€1.2bn at reoffer
Source: Ministry of Finance
80View entire presentation