New Issue: Bank Mandiri upsizes five-year notes to $300 million, yields 7%

By Paul A. Harris

St. Louis, April 11 - PT Bank Mandiri sold an upsized $300 million of senior unsecured bonds due 2008 (B3/B-/B), according to a Friday press release. Credit Suisse First Boston and UBS Warburg were joint bookrunners on the deal. The deal was increased from $200 million.

The bonds will have a 20% greenshoe option, subject to obtaining Bank Indonesia approval. They will be listed on the Singapore Exchange Securities Trading Ltd..

The issuer is an Indonesian bank.

Issuer:	PT Bank Mandiri
Amount:	$300 million
Security description:	Senior unsecured bonds
Bookrunner:	Credit Suisse First Boston, UBS Warburg (joint)
Maturity:	2008
Coupon:	7%
Spread:	452 basis points
Ratings:	Moody's: B3
	Standard & Poor's: B-
	Fitch: B

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