Global Prime will buy all $211.09 million 5.95% tendered notes

Chicago, Nov. 6 – Global Prime Capital Pte. Ltd. announced it will be accepting all $211,085,000 tendered notes from its any-and-all offer for its $300 million of 5.95% senior notes due 2025 (ISIN: XS2050614796) guaranteed by parent PT Bumi Serpong Damai Tbk. and some of its subsidiaries, according to a notice.

Previously reported, the company was offering par and accrued interest.

The acceptance amount represents about 70.36% of the outstanding notes. After the tender offer, $88,915,000 of the notes will remain outstanding.

The offer started on Oct. 19 and expired at 11 a.m. ET on Nov. 3.

Settlement is expected for Nov. 8.

UBS AG Singapore Branch (+65 6495 8623; fax +65 6495 3426; ol-liabilitymanagement-sea@ubs.com) is the dealer manager.

The information and tender agent is Morrow Sodali Ltd. (+852 2319 4130; +44 20 4513 6933; bsd@investor.morrowsodali.com; https://projects.morrowsodali.com/bsd).

Bumi Serpong Damai Tbk. is a real estate developer based in Jakarta, Indonesia. Global Prime is a special purpose vehicle that issues debt for Bumi Serpong.

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