Indonesia's Karawaci on roadshow for dollar-denominated notes

By Christine Van Dusen

Atlanta, April 3 - Indonesia's Lippo Karawaci Tbk. set out on Thursday for a roadshow to market a dollar-denominated offering of notes, a market source said.

Citigroup, Deutsche Bank, BofA Merrill Lynch and Credit Suisse are the bookrunners for the deal.

The issuer previously postponed the sale of five-year dollar-denominated notes that were talked in the 11% area.

The proceeds were to be used for refinancing of existing debt, to fund the debt service account and for general corporate purposes.

Lippo Karawaci is a Tangerang, Indonesia-based residential and commercial urban developer.

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