APOL sails into international debt capital markets

Indonesian Shipper prices dollar deal inside of guidance on the back of a huge order book.

IndonesiaƆs second largest shipping company, Arpeni Pratama Ocean Line APOL accessed the international debt markets for the first time with a hugely oversubscribed $160 million seven year non-call four year RegS 144A bond offering via sole lead manager Citigroup on Tuesday April 25.

The BBB- Fitch rated issuer was able to close the deal ahead of schedule and price well inside of initial guidance after building an order book of $1.3 billion.

Roadshows kicked off in...

To continue reading, please login or register for free

Click for more on: citigroup | shipping | debt | fixed income

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...