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Published on 10/16/2019 in the Prospect News Emerging Markets Daily.

New Issue: Indonesia’s Sritex sells $225 million 7¼% notes due 2025

By Marisa Wong

Los Angeles, Oct. 16 – PT Sri Rejeki Isman Tbk. (Sritex) issued $225 million of 7¼% fixed-rate senior notes due 2025, according to a notice.

Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Ltd. and Hongkong and Shanghai Banking Corp. Ltd. are bookrunners for the Regulation S and Rule 144A offering.

Sritex is a textile and garment manufacturer based in Indonesia.

Issuer:PT Sri Rejeki Isman Tbk.
Issue:Fixed-rate senior notes
Amount:$225 million
Maturity:No later than 2025
Bookrunners:Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Ltd. and Hongkong and Shanghai Banking Corp. Ltd.
Coupon:7¼%
Settlement date:Oct. 16
Distribution:Regulation S and Rule 144A

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