Indonesian developer saves with $190m bond

Jababeka International replaces its old notes with cheaper new ones, leveraging on the rarity factor in Asian high-yield and saving over 400bp in funding costs.
Jababeka, first industrial estate developer to list on the Indonesian Stock Exchange
Jababeka, first industrial estate developer to list on the Indonesian Stock Exchange

Jababeka International, an Indonesian-based industrial developer, raised $190 million on Wednesday, exchanging its outstanding paper with the new issue to lower its cost of funds.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media