Published on 4/4/2014 in the Prospect News Emerging Markets Daily.
New Issue: Indonesia's Lippo Karawaci sells $150 million 7% notes due 2022 at par
By Christine Van Dusen
Atlanta, April 4 - Indonesia's Lippo Karawaci Tbk. - through Theta Capital Pte. Ltd. - priced $150 million eight-year notes at par to yield 7% on Friday, a market source said.
Citigroup, Deutsche Bank, BofA Merrill Lynch and Credit Suisse were the bookrunners.
The issuer is a Tangerang, Indonesia-based residential and commercial urban developer.
| Issuer: | Theta Capital Pte. Ltd.
|
| Amount: | $150 million
|
| Maturity: | April 11, 2022
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Deutsche Bank, BofA Merrill Lynch, Credit Suisse
|
| Coupon: | 7%
|
| Price: | Par
|
| Yield: | 7%
|
| Trade date: | April 4
|
| Rating: | Moody's: Ba3
|
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