Indonesia’s Kawasan Industri Jababeka taps banks ahead of new notes offer being shopped at 6˝%

Portland, Ore., Sept. 14 – Indonesian property manager PT Kawasan Industri Jababeka Tbk. announced in a Tuesday press release that it has mandated JPMorgan Securities plc, Standard Chartered Bank and UBS AG, Hong Kong Branch as joint lead managers for an offering of new notes.

The company expects to pay a coupon of 6˝%.

The notes are expected to be priced on Sept. 28.

The new notes offering was announced in conjunction with a concurrent exchange offer for $260 million of the company’s 7˝% guaranteed senior notes due 2019.

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