By Reshmi Basu
New York, Oct. 20 - PT Fajar Surya Wisesa Tbk. priced a $100 million offering of five-year senior secured notes (/B/B+) at 97.666 to yield 11½%, according to a market source.
Deutsche Bank was the bookrunner for the Regulation S transaction. United Overseas Bank was a co-manager.
The Jakarta-based issuer is an Indonesian paper company.
| Issuer: | PT Fajar Surya Wisesa Tbk.
|
| Amount: | $100 million
|
| Issue: | Senior secured notes
|
| Maturity: | 2011
|
| Coupon: | 10¾%
|
| Issue price: | 97.666
|
| Yield: | 11½%
|
| Pricing date: | Oct. 20
|
| Bookrunner: | Deutsche Bank
|
| Co-manager: | United Overseas Bank
|
| Ratings: | Standard & Poor's: B
|
| Fitch: B+
|
| Price guidance: | 11½%
|
| Distribution: | Regulation S
|
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