Lippo Karawaci reprices secondary curve with new notes

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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