E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/15/2021 in the Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Tunas Baru Lampung’s TBLA offers to buy up to $35 million of 7% notes

Chicago, June 15 – PT Tunas Baru Lampung Tbk. subsidiary TBLA International Pte. Ltd. launched a tender offer for up to $35 million of its outstanding $250 million 7% guaranteed senior notes due 2023 (ISIN: XS1750550029), according to an invitation announcement.

The notes are guaranteed by the parent.

The company is offering to buy the notes for $965 per $1,000 note. Interest to the settlement date will also be paid.

Tenders may be subject to proration.

The offer expires at 11 a.m. ET on June 22.

Settlement is planned for June 29.

The company was marketing $400 million of seven-year notes, with proceeds earmarked for a repurchase of $250 million of the bonds in late March.

Mandiri Securities Pte. Ltd. is the dealer manager (+65 6589 3880, msliability.mgmt@mandirisek.co.id).

Lucid Issuer Securities Ltd. is the tender and information agent (+44 20 7704 0880, +852 2281 0114, tbla@lucid-is.com, https://deals.lucid-is.com/tbla).

The Indonesian issuer is a conglomerate with a special focus on vegetable oils, sugar and agriculture.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.