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Published on 2/11/2011 in the Prospect News Emerging Markets Daily.

New Issue: Indonesia's Sigma Capital prices $125 million tap of 9% notes due 2015 to yield 6.776%

By Christine Van Dusen

Atlanta, Feb. 11 - Indonesia's Sigma Capital Pte. Ltd. priced a $125 million add-on to its 9% notes due April 30, 2015 (B1/B+/B+) at 108 to yield 6.776%, a market source said.

Citigroup, Deutsche Bank and Bank of America Merrill Lynch were the bookrunners for the Regulation S deal.

Sigma Capital originally priced $81.65 million of the 9% notes on May 4, 2010 at par.

Sigma Capital is a subsidiary of PT Lippo Karawaci Tbk., a Tangerang, Indonesia-based residential and commercial urban developer.

Issuer:Sigma Capital Pte. Ltd.
Amount:$125 million
Maturity:April 30, 2015
Description:Notes
Bookrunners:Citigroup, Deutsche Bank, Bank of America Merrill Lynch
Coupon:9%
Price:108
Yield:6.776%
Trade date:Feb. 11
Settlement date:Feb. 17
Ratings:Moody's: B1
Standard & Poor's: B+
Fitch: B+
Distribution:Regulation S
Original issue:$81.65 million 9% notes priced May 4, 2010 at par

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