Modernland launches new bond and tender offer

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By Isabella Zhong
14 Jul 2014

Modernland Realty could be the first Indonesian name in the dollar market since last week’s still-undecided presidential elections. The borrower has launched an exchange offer for its outstanding 2016s and plans to issue a new five year dollar bond.

The property developer has mandated Citi and UBS as joint global co-ordinators for the new Reg S/144A deal. JP Morgan and Standard Chartered are dealer managers and solicitation agents. Investor meetings will take place in Singapore on Tuesday July 15, Hong Kong on Wednesday and London ...

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