Bakrie link won’t stop EMP bond, say analysts
Indonesian oil and gas company Energi Mega Persada is on a long roadshow to pitch an international bond, attempting to attract demand amid widespread headlines about one of its shareholders, Bakrie Group. But questions over Bakrie will not hurt its chances of finding demand, bankers and analysts think.
Energi Mega plans to debut in the global bond market, at its second attempt, after calling off a deal two years ago. It wants to sell around $570m of five year non-call three bonds, and started meeting investors to pitch the deal on Monday.
The company is trying to
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.