{
    "success": true,
    "data": {
        "id": 1545740,
        "msgid": "matahari-delays-frns-1447893297",
        "date": "1997-08-20 00:00:00",
        "title": "Matahari delays FRNs",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "Matahari delays FRNs HONG KONG (Reuter): PT Matahari Putra Prima's US$100 million floating-rate note issue has been shelved until market conditions improve, bankers said yesterday. \"It's simply been postponed until market conditions improve,\" said a banker close to the deal, adding that Matahari did not have immediate need of the money. \"So it doesn't really make sense to go out into the market, where there's a lot of uncertainty (and) they may end up having to pay a premium,\" he said.",
        "content": "<p>Matahari delays FRNs<\/p>\n<p>HONG KONG (Reuter): PT Matahari Putra Prima's US$100 million<br>\nfloating-rate note issue has been shelved until market conditions<br>\nimprove, bankers said yesterday.<\/p>\n<p>\"It's simply been postponed until market conditions improve,\"<br>\nsaid a banker close to the deal, adding that Matahari did not<br>\nhave immediate need of the money.<\/p>\n<p>\"So it doesn't really make sense to go out into the market,<br>\nwhere there's a lot of uncertainty (and) they may end up having<br>\nto pay a premium,\" he said.<\/p>\n<p>He said the deal would be relaunched when market conditions<br>\nimproved, without giving a specific date.<\/p>\n<p>The Matahari Putra Prima deal was being arranged by BT Asia<br>\nand Bear Stearns Asia.<\/p>\n<p>Pricing was not announced, but it was expected to pay a coupon<br>\nof 210 basis points over the six-month London interbank offered<br>\nrate, and there were no put or call options.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/matahari-delays-frns-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}