REPUBLIKA.CO.ID, JAKARTA -- The Indonesian government has raised US$4 billion by issuing two series of global bonds, stated the Finance Ministry.

The total investor bids (total order book) for the dollar-denominated bonds series RI0124 and RI0144 reached US$17.5 billion, which meant that the bonds were oversubscribed 4.4 times, the ministry's directorate general of debt management remarked in a press statement released on Wednesday.

The 10-year bonds series RI0124 were issued at a yield of 5.95 percent and a coupon of 5.875 percent. The nominal value of the bonds due on January 15, 2024, is set at US$2 billion.

The ministry explained that 66 percent of the bonds series R10124 were allocated to the US investors, 17 percent to European investors, six percent to Asian investors, and 11 percent to Indonesian investors.

It noted that 77 percent of investors are asset managers, nine percent are banks, 12 percent are insurance companies and pension funds, and two percent are private banks.

The 30-year bonds series RI0144 were issued at a yield of 6.85 percent and a coupon of 6.75 percent. The nominal value of the bonds due on January 15, 2044 is set at US$2 billion.

The ministry emphasized that 70 percent of the bonds series R10144 were allocated to the US investors, 16 percent to European investors, 11 percent to Asian investors, and three percent to Indonesian investors.

It claimed that 77 percent of investors are asset managers, five percent are banks, seven percent are insurance companies and pension funds, and one percent are private banks.

The government has appointed Bank of America, Merrill Lynch, Citigroup, and Deutsche Bank as the joint lead managers and joint bookrunners, with PT Bahana Securities, PT Danareksa Sekuritas, and PT Mandiri Sekuritas as the co-managers.

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