By Paul A. Harris
St. Louis, Mo., June 11 - Indofood International Finance, Ltd. priced $280 million senior notes due June 18, 2007 (B3/B) at 99.05 to yield 10 5/8%, according to a syndicate source.
Credit Suisse First Boston was the bookrunner for the Regulation S offering.
Indofood's new five-year bullets are guaranteed by PT Indofood Sukses Makmur TBK, and will be listed in Singapore.
The issuer is an Indonesian processed foods company.
Issuer: Indofood International Finance, Ltd.
Amount: $280 million
Maturity: June 18, 2007
Type: Senior notes
Bookrunner: Credit Suisse First Boston
Coupon: 10 3/8%
Price: 99.05
Yield: 10 5/8%
Spread: 630 basis points over the 4.375% Treasury due May, 2007
Call features: Non-callable
Settlement date: June 18, 2002
Ratings: Moody's: B3
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