By Christine Van Dusen
Atlanta, March 21 - Indonesia's Star Energy Geothermal (Wayang Windu) Ltd. priced a $350 million issue of 6 1/8% notes due March 27, 2020 (B2/B+/) at par to yield 6 1/8%, a market source said.
Barclays and DBS Bank were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used to fund the repurchase or redemption and cancellation of the company's 2015 notes, concurrent with a tender offer.
Star Energy is a West Java-based geothermal power station operator.
| Issuer: | Star Energy Geothermal (Wayang Windu) Ltd.
|
| Amount: | $350 million
|
| Maturity: | March 27, 2020
|
| Description: | Senior notes
|
| Bookrunners: | Barclays, DBS Bank
|
| Coupon: | 6 1/8%
|
| Price: | Par
|
| Yield: | 6 1/8%
|
| Trade date: | March 21
|
| Settlement date: | March 27
|
| Ratings: | Moody's: B2
|
| Standard & Poor's: B+
|
| Distribution: | Rule 144A/Regulation S
|
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