Modernland Realty builds on Jokowi factor

The Indonesian property developer sold a $190 million bond, fulfilling its plan to cut overall funding costs and extend its debt maturity profile.

Modernland Realty, which builds luxury townships in Indonesia, priced a capped $190 million five-year bond that is callable in year three on Tuesday as investors cashed-in on rare high-yield Indonesian credit post-election.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

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