Kawasan Industri Jababeka returns after 10-year bond hiatus

The bonds surprise the market and trade firmer in secondary. Meanwhile, Sound Global and China Fishery line up.

Kawasan Industri Jababeka returns after 10-year bond hiatus

Indonesian industrial property developer Kawasan Industri Jababeka returned to the debt markets after a 10-year hiatus late last week, raising $175 million through a high-yield bond. The company has had something of a chequered history, having restructured its debt back in 2001 and 2002.

Aside from property development, the company is also involved in electricity generation and distribution through its Bekasi power plant, which is expected to start around October this year.


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