Indonesia to Raise $1.25 Billion in Bonds

By P.R. Venkat

The Indonesian government is raising $1.25 billion through bonds, with proceeds to be used to repurchase some existing global debt.

The country plans to issue two bonds to raise $600 million and $650 million, respectively, according to a term sheet seen by The Wall Street Journal.

The $600 million bond will pay an annual coupon of 2.150% and mature in 2031, while the other bond has a coupon of 3.200% and will mature in 2061.

The bonds will be listed and traded on the Singapore Exchange and the Frankfurt Stock Exchange.

BofA Securities, Citigroup and UBS are among the banks that advised on the debt sale.

Write to P.R. Venkat at [e-mail]

(END) Dow Jones Newswires

09-13-21 2310ET