ubs-takes-surabaya-property-company-on-the-road

UBS takes Surabaya property company on the road

Despite the struggles of other Indonesian high-yield deals in recent weeks, Pakuwon Jati readies its debut in the international high-yield market.

By Unknown Unknown

September 03, 2006

UBS has been hired as sole bookrunner for a dollar-denominated high-yield bond offering for PT Pakuwon Jati. It will be the debut offshore issuance for the Indonesian property company.

The deal has a B-B2B rating and will begin roadshows on Thursday September 7 in Singapore, before heading to Hong Kong on the 8th and London on the 11th.

As yet the deal size has not been finalised but is expected to be in the $100 million to $120 million range.

Pakuwon Jati is an Indonesia-based property management company which is headquartered in Surabaya and operates the Tunjungan Plaza shopping centre, the Mandiri Tower office centre, the Sheraton Surabaya Hotel and Towers and the...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222