cikarang listrindo

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

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.

The West Java-based company started gauging market demand for a potential listing and could be the country’s first public-listed independent power producer.

Cikarang Listrindo's $500 million high-yield bond gets a blowout response from investors, but its move to loosen covenants is less warmly received.

Hong Kong property company Wharf Holdings attracts an order book in excess of $4.25 billion, while Cikarang Listrindo is set to test the high-yield market.

Cikarang Listrindo prices its high-yield bond at the end of an eventful week in the debt markets. Deals for Exim Bank of India and Vietnam are both expected to price in the next few days.