Asia-Pacific: PT Adaro Indonesia

Issuer: PT Adaro Indonesia
Size: $800 million
Date of issue: Oct 15, 2009
Ratings: BB+/Ba1 (Fitch, Moody’s)
Maturity: Oct 22, 2019 (callable on Oct 22, 2014)
Pricing: 7.625%

Bookrunners: Credit Suisse, UBS, DBS Bank

In October, Indonesia’s second largest coal producer PT Adaro launched Asia’s largest high-yield bond of 2009, which was also the biggest US dollar corporate bond from an Indonesian issuer since June 2007. The transaction was also the first 10-year US dollar private sector corporate bond fr