Lippo eyes longer debt from exchange

15 Oct 2012

Lippo Karawaci is planning to push out its debt profile with a swap that will move investors from a $395m 2015 bond into a new deal that is five years longer.

The plan was announced on Monday, the same day that the company raised $100m after increasing an outstanding $150m 7% May 2019 bond.

Lippo hired Bank of America Merrill Lynch, Citi, Credit Suisse and Deutsche Bank as lead dealer managers for the bond exchange. The four banks were also the bookrunners ...

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