Indonesia raises $4.54 billion in yuan and euro bonds auction

Reuters02-26
Indonesia raises $4.54 billion in yuan and euro bonds auction

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JAKARTA, Feb 26 (Reuters) - Indonesia has raised 9.25 billion yuan ($1.35 billion) and 2.7 billion euros ($3.19 billion) from an auction of yuan and euro denominated bonds, its finance ministry said on Thursday.

  • Total order book exceeds 17.04 billion yuan and 9.48 billion euros.

  • Auction held under ministry's SEC shelf-registered format.

  • Yields for Dim Sum bonds were at 2.45% for three-year tenor, 2.65% for five-year tenor and 3.05% for 10-year tenor, the ministry said.

  • Three-year notes of the euro-denominated bonds carried a yield of 4.104% with 4.473% and 4.982% for 12-year and 20-year notes respectively.

  • Indonesia has named Bank of China (Hong Kong), Deutsche Bank, and HSBC as joint lead managers and joint bookrunners for the offering, according to documents reviewed by Reuters.

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

($1 = 6.8409 Chinese yuan renminbi)

($1 = 0.8477 euros)

(Reporting by Stefanno Sulaiman, Ananda Teresia, Bernadette Christina; Editing by Martin Petty)

((Ananda.Teresia@thomsonreuters.com;))

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