Lippo’s $260m tap thrives despite headwinds
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Asia

Lippo’s $260m tap thrives despite headwinds

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Lippo Karawaci navigated a crowded primary bond market on Wednesday to add $260m to its 2022s with a tap. The success of the deal reflects a big improvement in market sentiment compared with the early part of the year, when the Indonesian developer failed to pull off an exchange offer.

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