Lippo eyes longer debt from exchange
Lippo Karawaci is planning to push out its debt profile with a swap that will move investors from a $395m 2015 bond into a new deal that is five years longer.
The plan was announced on Monday, the same day that the company raised $100m after increasing an outstanding $150m 7% May 2019 bond.
Lippo hired Bank of America Merrill Lynch, Citi, Credit Suisse and Deutsche Bank as lead dealer managers for the bond exchange. The four banks were also the bookrunners
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.