Pelindo III nabs $500m but ditches 10yr bond

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By Morgan Davis
25 Apr 2018

Pelabuhan Indonesia III, also known as Pelindo III, raised $500m from a single tranche five year bond on Tuesday after scrapping a 10 year portion that was also marketed.

State-owned port operator Pelindo III took a slightly unconventional approach to its dollar trade when it decided to do a quick “drive-by transaction”, said a syndicate head on the deal. After seeing appealing pricing levels, and to get ahead of the expected supply pipeline, Pelindo III hit the ...

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