Indonesia's COVID-19 Vaccination and Economic Resilience Strategy
30%
Switch And Cash Tender Offer &
Republic Of Indonesia USD2.65 bn Global Bonds Issuance
5Y
Investor Breakdown by Region
49% 10Y
24%
52% 30Y
ooo
37%
33%
27%
EMEA
Asia Pacifik
US
Investor Breakdown by Investor Type
105Y
8%
10%
1%
8%
Settlement
Date
Republic of Indonesia
Aggregate
Aggregate
Principal
Tender Offer Result
Aggregate
Principal
Issuer
26%
Issuer
Rating
Baa2 Moody's (Stable) BBB S&P (Negative) BBB Fitch
(Stable)
Principal
Old
Bonds
Amount of Proration
Amount of
Format
SEC-Registered Shelf Registered
Amount of
Preferred
Tenders
Preferred
Factor
Tenders
Accepted
Non-
Preferred
Tenders
Aggregate
Principal
Amount of
Non-
Preferred
Proration
Factor
Aggregate
Principal
Amount to
be Acquired
Tenders
Accepted
22%
Pricing
September 7, 2022
Group 1 Bonds
Date
5.375%
Global
September 20, 2022
Bonds
due
Oct 17,
U.S.$
U.S.$
11,408,000 11,408,000
100%
U.S.$0
U.S.$0
N/A
U.S.$
11,408,000
Issue Size
USD2.65 bn
2023
1%
Tenor
5year
10year
30year
5.875%
Global
Bonds U.S.$
Maturity Sep 20, 2027
Sep 20, 2032
Sep 20, 2052
due
Jan 15,
2024
U.S.$
45,559,000 45,559,000
100%
U.S.$
5,300,000
U.S.$
5,300,000
100%
U.S.$
50,859,000
30Y
Tranche
Size
USD750 milion
USD1.4 bn
USD500 milion
Group 2 Bonds
4.750%
Coupon
(p.a.)
Global
4.150%
5.450%
Price
98.889%
98.820%
98.547%
Bonds U.S.$
U.S.$
due 77,043,000 77,043,000
Jan 8,
2026
100%
U.S.$
U.S.$
21,725,000 21,725,000
100%
U.S.$
98,768,000
Yield (p.a.)
4.400%
4.800%
5.550%
8.500%
Central Banks/SSAS
Global
Listing
Use of
Proceeds
Singapore, Frankfurt Stock Exchange
Repurchase certain of its outstanding global bonds
pursuant to the Switch Tender Offer, including
related costs and expenses thereof, and any
remaining net proceeds for the general purposes of
the Republic
Bonds U.S.$
U.S.$
due 33,004,000 33,004,000
100%
U.S.$
4,335,000
U.S.$
4,335,000
100%
U.S.$
37,339,000
Oct 12,
2035
6.625%
Global
Bonds
due
U.S.$
U.S.$
58,267,000 58,267,000
100%
U.S.$
U.S.$
13,971,000 13,971,000
100%
U.S.$
72,238,000
Feb 17,
2037
000
20%
63%
11%
Asset Managers/FM
10Y
Insurance/Pension Funds
Private Banks/Others
72%
Banks/Brokers
4.650%
Transaction Highlights
The transaction marks the Republic's twelfth SEC-registered issuance in USD, a milestone solidifying its status as
one of the most active global issuers in the region.
Final orderbooks for the Notes Offering exceeded USD2.5bn for the 5-year tranche from 146 accounts
(representing a 3.3x oversubscription), USD3.5bn for the 10-year tranche from 160 accounts (representing a 2.5x
oversubscription) and USD3.0bn for the 30-year tranche from 139 accounts (representing a 6.0x oversubscription).
7.750%
Global
Bonds U.S.$
U.S.$
due 38,441,000 38,441,000
100%
U.S.$
U.S.$
16,161,000 16,161,000
100%
U.S.$
54,602,000
Jan 17,
2038
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