Inflation Control and Financial Facilities Strategy
Republic of Indonesia - USD4.3bn Global Bonds Issuance
On April 7, 2020, the Republic of Indonesia priced a transaction comprising USD4.3bn in senior unsecured notes
Investor Breakdown
by Region
Issuer
Issuer Rating
Republic of Indonesia
Baa2 Moody's (Stable)
BBB S&P (Stable)
BBB Fitch (Stable)
Investor Breakdown
by Investor Type
RI1050
RI1030
9%
RI1050
Exp. Issue Rating
Format
2%
Baa2 Moody's / BBB S&P / BBB Fitch
U.S. SEC registered
21%
45%
26%
Issue
Pricing Date
52%
25%
Settlement Date
20%
18%
RI0470
Aggregate Size
44%
38%
Maturity
Tranche Size
Coupon (p.a.)
Reoffer Price
Long 10.5-year
Oct 15, 2030
USD1,650 mm
3.850%
Senior unsecured fixed rate notes
April 6, 2020
April 15, 2020
USD4,300 mm
Long 30.5-year
Oct 15, 2050
USD1,650 mm
4.200%
Long 50-year
Apr 15, 2070
RI1030
10%
1%
4%
1%
1% 2% 3%
1%
22%
20%
64%
71%
1% 1% 1%
1%
11%
RI0470
99.573
US
■ Europe ■Asia ex-Indonesia ■Indonesia Reoffer Yield
3.900%
99.150
4.250%
(p.a.)
Listing
Law
USD1,000 mm
4.450%
99.009
Asset Managers
4.500%
■Insurance/Pension Fund
■Central Bank/Sovereign Wealth Fund
■ Banks
85%
Transaction Highlights
Use of Proceeds
Singapore, Frankfurt Open Market
For general purposes of the Republic of Indonesia,
including financing COVID 10 olief and
■ Private Banks
■ Others
☐ Net proceeds will be used for general purposes of the Republic, including financing COVID-19 relief and recovery efforts for the Republic to contain the virus and
mitigate its impact on Indonesia.
□ The Republic's fiscal policy amidst volatile market conditions includes support for healthcare, the social safety net, and small and medium enterprises.
The debut 50-year offering on strong demand in the long end of the curve.
☐ The transaction is the largest global offering by the Republic and demonstrates the Republic's ability to respond swiftly to markets and capture favorable issuance
windows.
Source: Ministry of Finance
92
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