Published on 4/26/2012 in the Prospect News Emerging Markets Daily.
New Issue: Bank Negara Indonesia prices $500 million five-year notes to yield 4 3/8%
By Paul A. Harris
Portland, Ore., April 26 - PT Bank Negara Indonesia (Persero) Tbk. priced a $500 million issue of 4 1/8% five-year senior notes (Baa3//BBB-) at 98.888 to yield 4 3/8%, according to a market source.
Credit Suisse, Deutsche Bank and Morgan Stanley were the bookrunners.
Proceeds will be used for general corporate purposes.
Bank Negara Indonesia is a Jakarta-based financial institution.
| Issuer: | PT Bank Negara Indonesia (Persero) Tbk.
|
| Securities: | Senior notes
|
| Amount: | $500 million
|
| Proceeds: | $494.44 million
|
| Maturity: | April 27, 2017
|
| Coupon: | 4 1/8%
|
| Price: | 98.888
|
| Yield: | 4 3/8%
|
| Bookrunners: | Credit Suisse, Deutsche Bank, Morgan Stanley
|
| Settlement date: | April 27
|
| Ratings: | Moody's: Baa3
|
| Fitch: BBB-
|
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