Chicago, Jan. 23 – PT Bumi Serpong Damai Tbk. priced $300 million 5.95% senior notes (Ba3) due 2025, according to a listing notice.
The notes were issued through Global Prime Capital Pte. Ltd.
Bookrunners on the issue are Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Ltd., UBS AG Singapore Branch and Mandiri Securities Pte. Ltd.
Proceeds will be used to repay debt and the remaining for working capital and other general corporate purposes.
Bumi Serpong Damai is a real estate developer based in Jakarta, Indonesia.
| Issuer: | Global Prime Capital Pte. Ltd.
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| Guarantor: | PT Bumi Serpong Damai Tbk.
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| Issue: | Senior notes
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| Amount: | $300 million
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| Maturity: | 2025
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| Bookrunners: | Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Ltd., UBS AG Singapore Branch and Mandiri Securities Pte. Ltd.
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| Coupon: | 5.95%
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| Settlement date: | Jan. 23
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| Rating: | Moody’s: Ba3
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