Modernland launches new bond and tender offer
![Indonesia_jakarta_230px](https://assets.euromoneydigital.com/dims4/default/9903844/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fde%2F51%2F03d46bc42c27e440c65faba903cb%2Fjakarta-230px.jpg)
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.
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