Indonesia’s Jababeka offers notes due 2023 in exchange for 2019 notes

New York, Sept. 14 – PT Kawasan Industri Jababeka Tbk. announced that its Jababeka International BV subsidiary has begun an offer in which it will exchange new dollar-denominated guaranteed senior notes due 2023 for its outstanding $260 million of 7½% guaranteed senior notes due 2019.

Jababeka has also begun a consent solicitation to amend the existing notes.

Concurrently with the exchange offer, Jababeka is offering new notes for cash that are expected to form a single series with the notes to be offered in the exchange.

The coupon on the new notes will be set on the pricing date, expected to be Sept. 28, but will be at least 6½%, according to an announcement.

JPMorgan Securities plc, Standard Chartered Bank and UBS AG, Hong Kong Branch are joint lead managers for the sale of new notes for cash.

Holders who tender by the early exchange deadline of 11:59 p.m. ET on Sept. 27 will receive an early exchange fee.

The exchange ends at 11:59 p.m. ET on Oct. 12.

The consent solicitation ends at 11:59 p.m. ET on Sept. 27 and holders who deliver consents will receive a fee.

The exchange is only open to eligible holders, but all holders may participate in the consent solicitation.

D.F. King (212 269-5550, +852 3953 7230, +44 207 920 9700 or jababeka@dfkingltd.com) is information agent and exchange agent.

Jababeka is a developer based in Bekasi, Indonesia.

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