Jasindo issues $50m notes

Sat, 02 Aug 1997 | Source: REUTERS

HONG KONG (Reuter): Rekasaran BI Ltd, a unit of state-owned PT Asuransi Jasa Indonesia (Jasindo), has completed a US$50 million floating rate notes issue due July 16, 1999, lead manager Credit Agricole Indosuez Hong Kong said yesterday.

The deal is guaranteed by Jasindo, which is wholly-owned by the Indonesian government.

The two-year notes has a put option on the first anniversary. They were issued at par to float at 75 basis points over the six- month London Interbank Offered Rate.

The guarantor has received BBB claims-paying ability rating from Standard & Poor's.

View JSON | Print