New Issue: Indonesia's Lippo Karawaci sells $150 million 7% seven-year notes to yield 7 1/8%

By Aleesia Forni

Columbus, Ohio, May 9 - Indonesia's PT Lippo Karawaci Tbk. (B1/BB-/BB-) priced $150 million 7% notes due 2019 at 99.32 to yield 7 1/8%, according to a market source.

Citigroup, Deutsche Bank and Raiffeisen Bank were the joint bookrunners for the Regulation S deal.

The notes are non-callable for four years.

Lippo Karawaci is a Tangerang, Indonesia-based property company.

Issuer:	PT Lippo Karawaci Tbk.
Issue:	Notes
Amount:	$150 million
Maturity:	May 16, 2019
Bookrunners:	Citigroup, Deutsche Bank, Raiffeisen Bank
Coupon:	7%
Price:	99.32
Yield:	7 1/8%
Call feature:	Non-callable for four years
Distribution:	Regulation S
Trade date:	May 9
Settlement date:	May 16
Ratings:	Moody's: B1
	Standard & Poor's: BB-
	Fitch: BB-

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