By Christine Van Dusen
Atlanta, Nov. 7 – Indonesia’s PT Sri Rejeki Isman Tbk. (Sritex) priced a $70 million tap of its 9% notes due April 4, 2019 (expected ratings: B1/BB-/) at 104.25, a market source said.
The pricing matched talk, set at 104.25.
Barclays was the bookrunner for the Regulation S deal.
The proceeds will be used for general corporate purposes.
The notes were issued by Golden Legacy Pte.
Sritex is an Indonesian manufacturer of textiles.
| Issuer: | Golden Legacy Pte.
|
| Amount: | $70 million
|
| Maturity: | April 4, 2019
|
| Description: | Notes
|
| Bookrunner: | Barclays
|
| Coupon: | 9%
|
| Price: | 104.25
|
| Trade date: | Nov. 7
|
| Expected ratings: | Moody’s: B1
|
| Standard & Poor’s: BB-
|
| Distribution: | Regulation S
|
| Price talk: | 104.25
|
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