By Rebecca Melvin
New York, May 25 – APL Realty Holdings Pte. Ltd., a subsidiary of Indonesian property developer Agung Podomoro Land Tbk., priced $300 million of 5.95% seven-year bonds at par on Thursday, a market source said.
The Regulation S notes (Ba3//BB-) priced below the 6¼% area talk.
Citigroup and BNP Paribas Securities were the bookrunners of the notes, which are guaranteed by Agung Podomoro and some of its subsidiaries.
The securities are non-callable for four years.
Proceeds will be used for debt repayment and general corporate purposes.
| Issuer: | APL Realty Holding Pte. Ltd.
|
| Guarantor: | Agung Podomoro Land Tbk.
|
| Issue: | Notes
|
| Amount: | $300 million
|
| Maturity: | 2024
|
| Bookrunners: | Citigroup and BNP Paribas Securities Corp.
|
| Coupon: | 5.95%
|
| Price: | Par
|
| Yield: | 5.95%
|
| Call: | After four years
|
| Pricing date: | May 25
|
| Ratings: | Moody’s: Ba3
|
| Fitch: BB-
|
| Distribution: | Regulation S
|
| Talk: | 6¼% area
|
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