Bank Internasional Indonesia to start roadshow for dollar-denominated 10-year bond

By Reshmi Basu

New York, April 12 - PT Bank Internasional Indonesia will start a roadshow for a dollar-denominated 10-year bond offering (B2/B-/B expected) on Thursday in Singapore, according to a market source.

The roadshow will then move to Hong Kong on Friday and finish off in London on the following Monday.

The subordinated lower tier II bonds are non-callable for five years. If not called, there will be a coupon step-up of 150% of the original spread.

Barclays Capital, Development Bank of Singapore and UBS Bank are running the Regulation S deal.

The proposed bonds will be listed on the Singapore Stock Exchange.

The issuer, based in Jakarta, is one of the largest banks in Indonesia.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.