PT Lippo Karawaci Tbk.'s Theta Capital Pte. Ltd. subsidiary is planning to issue US$75.0 million of 9.625% senior notes due 2020.
The notes will be offered to eligible investors through a private placement, with proceeds from the offering to be channeled toward the refinancing of an existing loan worth US$52.0 million and for general corporate purposes.
The Indonesian diversified property developer, together with certain subsidiaries, will serve as guarantors for the issuance, which is expected to close June 5.
