DB, J.P & UBS grab Indo’s bond mandate
After inviting several foreign houses for presentation yesterday, Indonesian government via Ministry of Finance (MoF) has picked three joint global book runners for about US$1.5 billion of global bonds.
A source close to the deal said Directorate General of Debt Management at the MoF, headed by Rahmat Waluyanto, last night has officially mandated Deutsche Bank (DB), J.P.Morgan Securities, and UBS Securities.
“I didn’t expect that UBS Securities has been mandated by the MoF. But, unfortunately, the MoF has already decided their names,” the source said.
UBS Securities, which is also of a foreign selling agent of Garuda Indonesia IPO and struggling to sell the shares, is also unexpected to get the mandate.
Yesterday, the MoF received presentation made by shortlisted investment banks for about US$1.5 billion of global bond deal.
Several investment banks such as Barclays Capital Plc, Citi, Deutsche Bank, HSBC Securities, J.P.Morgan Securities, Standard and Chartered Bank, and UBS Securities, had joint the beauty contest.
According to several bankers, the MoF is expected to announced selected global book runners on February 14.
Finance Minister Agus D.W. Martowardojo said Indonesia will unveil the global bond in the first half of 2011. The proceed will be utilized to bankroll 2011′s budget deficit.
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I heard its a 10Y of 1.5B 2022 -And possibly 500m in 30y bond 2042s.
Hi pak…thanks for your information…it is really useful.