Alam Sutera $225m five year funds buyback of stripped 2017s
Indonesian property developer Alam Sutera Realty gave the market some respite from the run of Chinese issuance this week, closing the first Indonesia corporate bond of 2014. The proceeds will go towards a tender offer for an outstanding 2017 bond, and the strong response to the buyback has allowed the issuer to remove all covenants from the old deal.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts