By Rebecca Melvin
New York, Feb. 4 – LLPL Capital Pte. Ltd., a subsidiary of Malaysia’s Genting Bhd., issued $775 million 20-year senior secured notes (Baa3//BBB-) with a 6 7/8% coupon, according to an announcement on Monday.
Proceeds of the notes, which are guaranteed by power producer PT Lestari Banten Energi, will be used to prepay existing debt facilities and for general corporate purposes.
The Rule 144A and Regulation S notes were sold via bookrunners Citigroup, Barclays and CIMB.
Kuala Lumpur, Malaysia-based Genting is an investment holding and management company.
| Issuer: | LLPL Capital Pte. Ltd.
|
| Guarantor: | PT Lestari Banten Energi
|
| Issue: | Notes
|
| Amount: | $775 million
|
| Maturity: | 2039
|
| Bookrunners: | Citigroup, Barclays and CIMB
|
| Coupon: | 6 7/8%
|
| Issue date: | Feb. 4
|
| Ratings: | Moody’s: Baa3
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
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