Sritex continues Indonesia bond push

Indonesian garment manufacturer Sritex embarks on an investor roadshow, following developer Lippo Karawaci in issuing a dollar bond.

Sritex continues Indonesia bond push

Sri Rejeki Isman Sritex began its global investor roadshow in Asia, the UK and the US on Monday, following Lippo in raising an offshore bond as investor confidence returns supported by improving macroeconomic conditions and positive election developments.

The Indonesian garment manufacturer has mandated Barclays as sole bookrunner and lead manager for a proposed Reg-SRule 144A dollar-denominated offering, according to a source familiar with the matter.

Moody’s, which has assigned a...

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