By William Gullotti
Buffalo, N.Y., Jan. 11 – Indonesia’s JGC Ventures Pte. Ltd., a wholly owned subsidiary of PT Modernland Realty Tbk., priced $194,086 of 3% guaranteed senior PIK toggle notes due 2025, according to a listing notice on Tuesday.
Bank of New York Mellon is the principal paying agent.
Listing for the $1-par notes is expected on the Singapore Exchange effective Jan. 12.
Modernland Realty is an Indonesian property developer. JGC Ventures completed restructuring effective Dec. 17.
| Issuer: | JGC Ventures Pte. Ltd.
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| Amount: | $194,086
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| Issue: | Guaranteed senior PIK toggle notes
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| Maturity: | June 30, 2025
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| Coupon: | 3%
|
| Pricing date: | Dec. 30
|
| Listing date: | Jan. 12
|
| ISIN: | XS2421278115
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