Cikarang Listrindo powers up Indonesia IPO

The Indonesian independent power producer raises $272 million from the first IPO out of the country's power and utilities sector since 2008.

The June listing of the power producer could be Indonesia's biggest IPO since early 2011.

Vikas Arora is returning to the country with the German lender to replace Dino Siason.

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.

The Indonesian power producer hits the road ahead of bond refinancing plan.

Deutsche Bank is the latest firm to join Loco Singapore, Singapore’s over-the-counter gold clearing system, which will be ready by the end of 2026, with interbank trading being developed next year.