By Paul A. Harris
St. Louis, Jan. 22 - Listrindo Capital BV (PT Cikarang Listrindo) priced a $300 million issue of 9¼% five-year senior notes (Ba2/BB/) at 99.106 to yield 9½% on Friday, according to an informed source.
The yield printed 12.5 basis points through the 9¾% area price talk.
Barclays Bank plc and Credit Suisse Securities were joint bookrunners.
Proceeds will be used to repay bank debt, as well as to fund the company's capacity expansion program and for general corporate purposes.
The issuer is a Jakarta, Indonesia-based independent electrical power producer.
| Issuer: | Listrindo Capital BV (PT Cikarang Listrindo)
|
| Amount: | $300 million
|
| Maturity: | Jan. 29, 2015
|
| Securities: | Senior notes
|
| Bookrunners: | Barclays Bank plc, Credit Suisse Securities
|
| Coupon: | 9¼%
|
| Price: | 99.106
|
| Yield: | 9½%
|
| Call features: | Make-whole call at Treasuries plus 50 bps until Jan. 29, 2013, then callable at a premium
|
| Trade date: | Jan. 22
|
| Settlement date: | Jan. 29
|
| Ratings: | Moody's: Ba2
|
| Standard & Poor's: BB
|
| Distribution: | Rule 144A/Regulation S
|
| Price talk: | 9¾% area
|
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