Indonesia names banks for planned euro and offshore yuan bond offers, documents show

Reuters02-24
Indonesia names banks for planned euro and offshore yuan bond offers, documents show

SINGAPORE/SYDNEY, Feb 24 (Reuters) - Indonesia has named Bank of China (Hong Kong), Deutsche Bank, and HSBC as joint lead managers and joint bookrunners for planned offerings of euro-denominated bonds and offshore yuan bonds, according to documents dated Tuesday.

  • Each offering was described as comprising three tranches, the documents showed.

  • Final size, pricing, and maturities were not disclosed in the subject-to-completion documents.

  • The documents stated that the two offerings are not mutually conditioned.

  • A separate sheet showed global investor calls were scheduled for Tuesday, and that the deals could come as early as Wednesday.

  • The sheet said the offshore yuan offering is expected to be in three, five, and 10-year tranches, and the euro offering in eight, 12, and 20-year tranches.

  • The bonds are expected to be rated Baa2, BBB, and BBB by Moody's, S&P, and Fitch, respectively, the sheet showed

(Reporting by Yantoultra Ngui in Singapore and Scott Murdoch in Sydney; Editing by Rashmi Aich)

((Yantoultra.Ngui@thomsonreuters.com;))

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