In today’s briefing:
- Cikarang Listrindo – Tear Sheet – Lucror Analytics
Cikarang Listrindo – Tear Sheet – Lucror Analytics
- Cikarang Listrindo (CL) has launched a roadshow to market a 144A/RegS senior unsecured notes offering of up to USD 350 mn.
- The proceeds will likely be used to refinance the company’s USD 500 mn 4.95% bonds due September 2026. We see fair value for the proposed notes at c.
- 150 bps above the relevant Treasury benchmark.
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