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.
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Bekasi Power: a natural gas-fired plant due to start operations in October
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<div style="text-align: left;"> Bekasi Power: a natural gas-fired plant due to start operations in October </div>

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.

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