Lippo sets minimum yield for new bond

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By Narae Kim
26 Jan 2016

Lippo Karawaci has announced the minimum yield for a new dollar-denominated senior offering due 2023, as it aims to switch holders out of a 2019 bond into a longer four year deal.

The Indonesian conglomerate said in a statement to the Singapore Exchange on January 25 that it has set a minimum yield to maturity of 8.75% for the 2023 notes in relation to its offer to exchange any or all of its $250m 7% 2019s. The 2019s, sold at ...

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