Published on 4/4/2014 in the Prospect News Emerging Markets Daily.
New Issue: Indonesia's Lippo Karawaci sells $150 million 7% notes due 2022 at par
By Christine Van Dusen
Atlanta, April 4 - Indonesia's Lippo Karawaci Tbk. - through Theta Capital Pte. Ltd. - priced $150 million eight-year notes at par to yield 7% on Friday, a market source said.
Citigroup, Deutsche Bank, BofA Merrill Lynch and Credit Suisse were the bookrunners.
The issuer is a Tangerang, Indonesia-based residential and commercial urban developer.
Issuer: | Theta Capital Pte. Ltd.
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Amount: | $150 million
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Maturity: | April 11, 2022
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Description: | Notes
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Bookrunners: | Citigroup, Deutsche Bank, BofA Merrill Lynch, Credit Suisse
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Coupon: | 7%
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Price: | Par
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Yield: | 7%
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Trade date: | April 4
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Rating: | Moody's: Ba3
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