JAKARTA. PT Indofood CBP Sukses Makmur Tbk (ICBP) had assigned nine companies to arrange ICBP’s Global Bond Public Offering.
In the information disclosure in Indonesia Stock Exchange yesterday (18/10), Gideon A Putro, Corporate Secretary of Indofood CBP Sukses Makmur, confirmed that the selection of the said nine companies as joint book runners is intended to assist the company in issuing bonds with a USD currency. The said bond would be offered to investors outside Indonesia.
The nine companies in question are Deutsche Bank AG (Singapore Branch), UBS AG (Singapore Branch), BNI Securities Pte Ltd, DBS Bank Ltd, Mandiri Securities Pte Ltd, Mizuho Securities (Singapore) Pte Ltd, Natixis (Singapore Branch), Oversea-Chinese Banking Corporation Limited, and SMBC Nikko Capital Markets Limited.
“The company has received ratings from Moody’s Investors Service and Fitch Ratings. The ratings are Baa3 and BBB, respectively,” Putro revealed. The company would then utilise the proceeds of this bond issuance to pay the outstanding retention value in the shares acquisition transaction of Pinehill Company Limited and fund the company’s general needs. (AM/ZH)