Chicago, May 18 – PT Bank Mandiri (Persero) Tbk. priced $500 million of 4¾% notes due May 13, 2025 (Baa2//BBB-), according to a market source.
The notes were sold at 99.255.
The offering is the second from the bank’s $2 billion euro medium-term note program.
CIMB Bank Bhd., Labuan Offshore Branch, DBS Bank Ltd., Mandiri Securities Ptd. Ltd., MUFG Securities Asia Ltd. and Standard Chartered Bank managed the transaction.
Standard Chartered Bank worked as the stabilization manager.
Proceeds from the Regulation S offering will be used for general corporate purposes.
Based in Jakarta, Bank Mandiri is Indonesia’s largest bank in terms of assets.
| Issuer: | PT Bank Mandiri (Persero) Tbk.
|
| Issue: | Senior notes
|
| Amount: | $500 million
|
| Maturity: | May 13, 2025
|
| Managers: | CIMB Bank Bhd., Labuan Offshore Branch, DBS Bank Ltd., Mandiri Securities Ptd. Ltd., MUFG Securities Asia Ltd. and Standard Chartered Bank
|
| Coupon: | 4¾%
|
| Price: | 99.255
|
| Pricing date: | May 5
|
| Settlement date: | May 13
|
| Ratings: | Moody’s: Baa2
|
| Fitch: BBB-
|
| Distribution: | Regulation S
|
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