Indonesia
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Indonesia’s Medco Energi Internasional braved a rocky market to grab $300m on Thursday, deciding to go ahead with its issuance on expectations of worse conditions further ahead.
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Indonesia’s Medco Energi Internasional, which counts state-owned electricity generator Perusahaan Listrik Negara as one of its clients, is marketing a new dollar bond.
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Indonesia’s Chandra Asri Petrochemical completed the placement portion of its Rph5tr ($378m) rights-plus-block combo on Monday, in a deal that benefited from the issuer’s focus on transparency.
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Saka Energi Indonesia, the upstream oil and gas arm of state-owned Perusahaan Gas Negara, has opened its $250m loan to retail participants through a group of six banks.
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The once-distressed Gajah Tunggal raised $250m from a new five non-call three deal on Thursday, helping the company prepare to refinance a looming maturity – and potentially earn a ratings upgrade.
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Indonesian power producer Paiton Energy added a hefty $2bn to its coffers on Thursday, selling a dual-tranche bond that won over investors because of its diversity benefits and secured structure.
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Chandra Asri Petrochemical’s rights-plus-block combo to raise Rph5tr ($378m) is going smoothly. The leads sent out a 'covered' message on Friday morning.
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Gajah Tunggal, an Indonesian tyre maker, has tapped the syndicated loan market for a dual-currency $250m facility.
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Indonesian and Indian corporates rushed to the debt market on Thursday, with Gajah Tunggal, Paiton Energy and Vedanta Resources all launching dollar transactions.
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Oil and gas exploration and production company Medco Energi Internasional is eyeing the offshore market for a senior bond, and will meet fixed income accounts in Asia, Europe and the US.
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Indonesian palm oil company Tunas Baru Lampung (TBLA) is looking for a Singapore dollar deal, marking its first bond in the currency as well as its maiden offshore deal.
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Indonesia’s Bumi Resources has raised Rph35.1tr ($2.6bn) from the sale of rights shares and mandatory convertible bonds, in a bid to shed debt.