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

Chien Mi Wong

September 18, 2014

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.

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#jababeka international
#indonesia
#real estate
#property
#bonds
#high yield