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Indonesia's Karawaci on roadshow for dollar-denominated notes
By Christine Van Dusen
Atlanta, April 3 - Indonesia's Lippo Karawaci Tbk. set out on Thursday for a roadshow to market a dollar-denominated offering of notes, a market source said.
Citigroup, Deutsche Bank, BofA Merrill Lynch and Credit Suisse are the bookrunners for the deal.
The issuer previously postponed the sale of five-year dollar-denominated notes that were talked in the 11% area.
The proceeds were to be used for refinancing of existing debt, to fund the debt service account and for general corporate purposes.
Lippo Karawaci is a Tangerang, Indonesia-based residential and commercial urban developer.
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