By Paul A. Harris
St. Louis, Sept. 17 - PT Aneka Tambang/Antam Finance Ltd. sold $200 million of 7 3/8% offshore notes due 2010 (B3/B) at 97.348 Tuesday to yield 7 7/8%, according to a market source.
The notes had been marketed with a 7¾%-8% indicative coupon.
ABN Amro was the bookrunner.
Proceeds will be used to fund a nickel smelting plant and power station.
The issuer is a Jakarta, Indonesia-based gold and nickel producer.
| Issuer: | PT Aneka Tambang/Antam Finance Ltd.
|
| Amount: | $200 million
|
| Security description: | Offshore notes due 2010
|
| Bookrunner: | ABN Amro
|
| Coupon: | 7 3/8%
|
| Price: | 97.348
|
| Yield: | 7 7/8%
|
| Spread: | 473 basis points
|
| Call features: | Callable after four years at 103.688
|
| Ratings: | Moody's: B3
|
| Standard & Poor's: B
|
| Indicative coupon: | 7¾%-8%
|
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