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

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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS