Lippo seeking longer debt, taps for $100m
Lippo Karawaci plans to push out its debt profile with a swap that will move investors from a $395m 2015 bond into a five year longer deal.
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 dealer managers for the bond exchange. The four banks were also the ...
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