Filed Pursuant to Rule 433
Registration StatementNo. 333-223441
December 3, 2018
REPUBLIC OF INDONESIA
FINAL TERM SHEET
US$750,000,000 4.450% Bonds due 2024 (theBonds)
| Issuer: | Republic of Indonesia (theRepublic) | |
| Specified Currency: | U.S. Dollars | |
| Principal Amount: | US$750,000,000 | |
| Public Offering Price: | 99.852% | |
| Gross Proceeds: | US$748,890,000 | |
| Underwriting Discounts and Commissions: | US$299,556 | |
| Net Proceeds (Before Expenses): | US$748,590,444 | |
| Interest Rate: | The Bonds will bear interest from December 11, 2018 at a rate of 4.450% per annum | |
| Interest Payment Date: | Interest will be paid on February 11 and August 11 of each year, commencing on August 11, 2019 | |
| Maturity Date: | February 11, 2024 | |
| Benchmark: | 2.875% U.S. Treasury due November 30, 2023 | |
| Benchmark Yield: | 2.821% | |
| Re-offer Spread: | 165.9 bps | |
| Re-offer Yield: | 4.480% | |
| Specified Denominations: | US$200,000 and integral multiples of US$1,000 in excess thereof | |
| Settlement Date: | December 11, 2018 | |
| Day count: | 30/360 | |
| Listing: | Expected listing of the Securities on the Singapore Exchange Securities Trading Limited and the Frankfurt Stock Exchange | |
| Settlement and Delivery: | The Republic expects that delivery of the Securities will be made against payment therefor on or about the Settlement Date, which will be the fifth business day following the date of pricing of the Securities. Under Rule15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Securities on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Securities initially will settle in T+5, to specify alternative settlement arrangements to prevent a failed settlement | |
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| Joint Lead Managers/Underwriters: | Australia and New Zealand Banking Group Limited, Citigroup Global Markets Inc., DBS Bank Ltd., Deutsche Bank AG, London Branch and Goldman Sachs (Singapore) Pte. | |
| Co-Managers: | PT Bahana Sekuritas, PT Danareksa Sekuritas and PT Trimegah Sekuritas Indonesia Tbk | |
| Billing and Delivery: | Deutsche Bank AG, London Branch | |
| Security Identifiers: | CUSIP: 455780 CG9 / ISIN: US455780CG93 / Common Code: 191976169 | |
The Republic has filed a registration statement (including a prospectus) and other documents with the U.S. Securities and Exchange Commission (theSEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Republic has filed with the SEC for more complete information about the Republic and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Deutsche Bank AG, London Branch at Winchester House, 1 Great Winchester Street, London EC2N 2DB, UK, Attention: Syndicate Desk, by calling44-20-754-59389, or by emailingdcm.sea@list.db.com.
A preliminary prospectus supplement dated December 3, 2018 can be accessed through the following link:
https://www.sec.gov/Archives/edgar/data/1719614/000119312518340343/d637621d424b3.htm
MIFID II product governance / Professional investors and ECPs only target market — Solely for the purposes of the manufacturer’s product approval process, the target market assessment in respect of the Bonds has led to the conclusion that: (i) the target market for the Bonds is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended,MiFID II); and (ii) all channels for distribution of the Bonds to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Bonds (adistributor) should take into consideration the manufacturers’ target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Bonds (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom and (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (theOrder) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to asrelevant persons). The Bonds are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such Bonds will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
Notification under Section 309B(1)(c) of the Securities and Futures Act, Chapter 289 of Singapore — The Bonds are prescribed capital markets products (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018) and Excluded Investment Products (as defined in MAS Notices SFA04-N12: Notice on the Sale of Investment Products and MAS NoticeFAA-N16: Notice on Recommendations on Investment Products).
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
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