Indonesia to Raise $2.05 Billion via Bond Issuance

By P.R. Venkat

The Indonesian government is raising a total of $2.05 billion through the issuance of bonds with different maturities, according to a term sheet seen by The Wall Street Journal on Thursday.

The government is issuing three bonds, of which $500.0 million will be raised via a 2029 bond with a 4.4% coupon, according to the term sheet.

It will also issue a $650.0 million bond with a 4.70% coupon and maturing in 2034, as well as a $900.0 million bond carrying a 5.10% coupon and maturing in 2054.

Proceeds from the bond sale will be used to meet the Indonesian government's general needs, the term sheet showed.

BofA Securities, ANZ and Deutsche Bank are among the banks acting as underwrites to the government debt sales.

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

(END) Dow Jones Newswires

01-03-24 2047ET