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Published on 4/11/2019 in the Prospect News Emerging Markets Daily.

New Issue: Bank Mandiri prices $750 million 3¾% five-year notes

By Rebecca Melvin

New York, April 11 – PT Bank Mandiri (Persero) Tbk. priced $750 million of 3¾% notes due 2024 (//BBB-) on Thursday, according to market sources.

The notes were sold under the bank’s $2 billion euro medium-term note program.

HSBC, Mandiri Securities Pte. Ltd., MUFG Securities Asia and Standard Chartered Bank were lead managers and bookrunners for the Regulation S notes.

Based in Jakarta, Bank Mandiri is Indonesia’s largest bank in terms of assets.

Issuer:PT Bank Mandiri (Persero) Tbk.
Issue:Notes
Amount:$750 million
Maturity:2024
Bookrunners:HSBC, Mandiri Securities Pte. Ltd., MUFG Securities Asia and Standard Chartered Bank
Coupon:3¾%
Trade date:April 11
Rating:Fitch: BBB-
Distribution:Regulation S

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