Lippo Karawaci reprices secondary curve with new notes

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By Morgan Davis
15 Jan 2020

Indonesian real estate developer Lippo Karawaci played to investors' need for diversification away from China, when it raised $325m from a 2025 bond sale.

The well-known issuer's transaction was deemed a success in part because it repriced the company's secondary curve, said a syndicate head on the deal.

The five non-call three year trade was opened at the 8.5% area on Tuesday morning. BNP Paribas, Credit Suisse and Deutsche Bank were ...

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