Filed Pursuant to Rule 433
Registration Statement No. 333-255456
September 6, 2022
REPUBLIC OF INDONESIA
FINAL TERM SHEET
U.S.$500,000,000 5.450% Bonds due 2052 (the “Bonds”)
Issuer: | Republic of Indonesia (the “Republic”) |
Specified Currency: | U.S. Dollars |
Principal Amount: | U.S.$500,000,000 |
Public Offering Price: | 98.547% |
Gross Proceeds: | U.S.$492,735,000 |
Underwriting Discounts and Commission: | U.S.$197,094 |
Net Proceeds (Before Expenses): | U.S.$492,537,906 |
Interest Rate: | The Bonds will bear interest from September 20, 2022 at a rate of 5.450% per annum |
Interest Payment Date: | Interest will be paid on March 20 and September 20 of each year, commencing on March 20, 2023 |
Maturity Date: | September 20, 2052 |
Benchmark: | 27⁄8 05/15/52 |
Benchmark Yield: | 3.519% |
Re-offer Spread: | +203.1bps |
Re-offer Yield: | 5.550% |
Optional Redemption: | The Republic will have the right at its option, upon giving not less than 30 days’ nor more than 60 days’ notice, to redeem the Bonds, in whole or in part, at any time or from time to time on or after the date that is six months prior to the maturity date of the Bonds, prior to their maturity, at a redemption price equal to the principal amount thereof, plus interest accrued but not paid on the principal amount of such Bonds to the date of redemption |
Specified Denominations: | U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof |
Settlement Date: | September 20, 2022 |
Day count: | 30/360 |
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Listing: | Expected listing of the Bonds on the Singapore Exchange Securities Trading Limited and the Frankfurt Stock Exchange |
Settlement and Delivery: | The Republic expects that delivery of the Bonds will be made against payment therefor on or about the Settlement Date, which will be the tenth business day following the date of pricing of the Bonds. Under Rule 15c6-1 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 Bonds on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Bonds initially will settle in T+10, to specify alternative settlement arrangements to prevent a failed settlement |
Joint Lead Managers/Underwriters: | BofA Securities, Inc., Credit Suisse (Singapore) Limited, Deutsche Bank AG, London Branch, The Hongkong and Shanghai Banking Corporation Limited and J.P. Morgan Securities plc |
Co-Managers: | PT BRI Danareksa Sekuritas and PT Trimegah Sekuritas Indonesia Tbk |
Billing and Delivery: | Deutsche Bank AG, London Branch |
Security Identifiers: | CUSIP: 455780DP8 / ISIN: US455780DP83 |
MiFID II professionals/ECPs-only — Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels).
The Republic has filed a registration statement (including a prospectus) and other documents with the U.S. Securities and Exchange Commission (the “SEC”) 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 obtain 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 them by contacting Deutsche Bank AG, London Branch at Winchester House, 1 Great Winchester Street, London EC2N 2DB, UK, Attention: Syndicate Desk, by calling 44-20-754-59031, or by emailing dcm.sea@list.db.com.
A preliminary prospectus supplement dated September 6, 2022 can be accessed through the following link:
https://www.sec.gov/Archives/edgar/data/1719614/000119312522238404/d305274d424b3.htm
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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