Published on 5/23/2022 in the Prospect News Emerging Markets Daily.
New Issue: Indonesia’s Modernland sells $2.37 million 3% guaranteed PIK toggle notes due 2027
By William Gullotti
Buffalo, N.Y., May 23 – Modernland Overseas Pte. Ltd. has issued $2,371,125 of 3% guaranteed senior payment-in-kind toggle notes due 2027, according to a listing notice on Monday.
The notes were issued on May 9 and are expected be listed on the Singapore Exchange effective May 23.
Modernland is a real estate company based in Jakarta.
| Issuer: | Modernland Overseas Pte. Ltd.
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| Amount: | $2,371,125
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| Issue: | Guaranteed senior payment-in-kind toggle notes
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| Maturity: | April 30, 2027
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| Coupon: | 3%
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| Issue date: | May 9
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| Listing date: | May 23
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| ISIN: | XS2421278388
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