Credit Suisse Named Agent in Bakrieland’s $150m Debt Sale
March 12, 2010
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PT Bakrieland Development has appointed Credit Suisse in Singapore as the agent for its planned $150 million issue of guaranteed equity-linked bonds this month.
Hiramsyah S Thaib, Bakrieland’s president, said on Wednesday that Credit Suisse would offer the five-year bonds to institutional investors through private placement.
He said the bonds could be converted to stock, but the company could pay in cash if it lacked shares for conversion.
JG
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