By Sarah Lizee
Olympia, Wash., Jan. 21 – PT Lippo Karawaci Tbk. sold $325 million 8 1/8% five-year bonds on Jan. 14, according to a press release.
The bonds were 4.5x oversubscribed and had an order book of $1.45 billion, the company said.
Proceeds will be used to repay bonds due 2022. In addition, the company said it is in the final stages of securing a facility to refinance the remaining $100 million in bonds.
Credit Suisse, BNP Paribas and Deutsche Bank were the global bookrunners.
The issuer is a Tangerang, Indonesia-based residential and commercial urban developer.
| Issuer: | PT Lippo Karawaci Tbk.
|
| Issue: | Bonds
|
| Amount: | $325 million
|
| Maturity: | Five years
|
| Bookrunners: | Credit Suisse, BNP Paribas and Deutsche Bank
|
| Coupon: | 8 1/8%
|
| Pricing date: | Jan. 14
|
| Announcement date: | Jan. 15
|
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