M&T Assists the Cikarang Listrindo USD 800 Million Total Bonds Issuance

February, 2012 - Jakarta, Indonesia

M&T assisted the USD bonds issuance by PT Cikarang Listrindo in 2012. In the transaction, M&T represented and advised PT Cikarang Listrindo, an Indonesian power company, in the tender offer and solicitation to purchase US$300,000,000 9.25% Senior Notes due 2015 issued in 2010 through its Dutch subsidiary and the issuance, again through its Dutch subsidiary, of US$500,000,000 6.95% Senior Notes due 2019. The Notes are guaranteed by PT Cikarang Listrindo. This USD bond deal was a pioneering and starting USD bonds issuance by an Indonesian company in early 2012 despite the unfavourable global economic conditions. M&T Partners, Rudy Kusmanto and Rahayu N Hoed, led the M&T team for this transaction.

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