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Friday, January 11, 2008

Indonesia launches $2 bln debt offer

New York (ANTARA New) - Indonesia on Thursday launched a two-tranche $2 billion debt offer with 10-year and 30-year components, a market source told Reuters.

The deal launched with $1 billion worth of 10-year debt bringing a yield of 6.95 percent and $1 billion worth of 30-year debt bringing a yield of 7.75 percent, the source said.

These yields match earlier guidance.

Indonesia is rated 'BB-' by Standard & Poor's and Fitch Ratings and 'Ba3' by Moody's Investors Service. All three ratings are three notches below investment grade.

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