Intiland fails to build bond in dollar market

By Morgan Davis
08 Aug 2018

High yield property company Intiland Development flopped in the offshore market on Tuesday, failing to price what would have been its debut dollar deal.

It would have been the first Indonesian borrower to issue offshore since Bank Rakyat Indonesia sold a $500m 4.625% 2023 bond on July 16, and the first Indonesian corporate deal since May.

Bankers away from the deal agreed that Intiland was not an easy sell and it was not ...

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