Cikarang Listrindo breaks high-yield record

Power producer shows that the high-yield bond markets are very much open for Indonesian credits after securing a very large order book for a tightly priced deal.

Cikarang Listrindo breaks high-yield record
Dark skies clearing for Indonesian high yield

Power producer Cikarang Listrindo demonstrated that the high-yield bond markets are well and truly open for Indonesian credits on Wednesday after securing a very large $4 billion final order book for a tightly priced deal. 

The combination of Indonesia's highest rated non-investment-grade issuer with outstanding dollar denominated bonds and an improving macro backdrop proved a winning one for investors.

This happy confluence of events enabled the Ba2BB rated group to...

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