Wednesday, June 18, 2008

Indonesia sell US$2,2 billion bonds

Indonesia launched the sale of an extra $2.2 billion in debt from three existing issues.
The government launched for sale $300 million worth of bonds maturing in 2014 at a price of 100.25. A second tranche worth $900 million of bonds maturing in 2018 was launched at a price of 97.25 while a third tranche worth $1 billion and maturing in 2038 was launched at a price of 95.50. The 2014, 2018 and 2038 issues have coupons of 6.75 percent, 6.875 percent and 7.75 percent, respectively.

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