Polytama Propindo tenders for 8% and 6% notes

New York, March 1 - PT. Polytama Propindo said that it has launched a tender offer and related consent solicitation for its 8% guaranteed secured notes due 2017 and 6% guaranteed secured exchangeable notes due 2012.

It set a consent deadline of 12 p.m. ET on March 12 and said the tender offer would expire at 12 p.m. ET on April 13, with both deadlines subject to possible extension.

The Jakarta, Indonesia-based company attempted unsuccessfully to tender for those notes last year but was forced to announce on Dec. 18 that the tender offer had been terminated due to the lack of necessary funding.

It did not give any other details about the new tender offer.

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