By Christine Van Dusen
Atlanta, May 5 - Indonesia's Lippo Karawaci, acting through subsidiary Sigma Capital Pte. Ltd., priced $81.65 million senior notes (B1/B/B+) due 2015 at par to yield 9%, according to a company announcement.
Citigroup Global Markets Singapore and Deutsche Bank (Singapore branch) were the bookrunners for the Regulation S deal.
An additional $188.96 million of the 9% notes due 2015 was issued in exchange for the company's existing 8 7/8% notes due 2011.
Lippo Karawaci is a property developer.
| Issuer: | Sigma Capital Pte. Ltd
|
| Guarantor: | Lippo Karawaci
|
| Amount: | $81.65 million
|
| Maturity: | 2015
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup Global Markets Singapore, Deutsche Bank (Singapore branch)
|
| Coupon: | 9%
|
| Price: | Par
|
| Yield: | 9%
|
| Trade date: | May 4
|
| Settlement date: | May 11
|
| Ratings: | Moody's: B1
|
| Standard & Poor's: B
|
| Fitch: B+
|
| Distribution: | Regulation S
|
© 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.
