Booksize global bond PT Bank Negara Indonesia Tbk, fourth largest lender by asset, came in at
US$3 billion, with 60% allocation to Asia, 16% to Europe and 23% to
the US offshore account.
The lender pricing 5 year
US$500 million global bond at the tight range of 4.125%/98.888 from the the tight
end of the final guidance of 4.37% to 4.5%.
Fitch Ratings also
assigned BNI US$500 million senior notes a final rating of 'BBB-'.
This follows the completion of the notes issue and the receipt of
final documents conforming to information previously received. The
final rating is same as the expected rating assigned on 17 April
2012.
The notes are rated at
the same level as BNI's Long-Term Foreign-Currency Issuer Default
Rating (IDR) of 'BBB-'. This is because the notes constitute direct
and senior unsecured obligations of BNI, and rank equally with all
its other unsecured and unsubordinated obligations. The proceeds will
be used to support BNI's business growth.
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