A $250 million 144a bond offering combined with a consent solicitation and exchange offering was completed in New York last night Thursday to considerable acclaim. With an order book of $1.2 billion and roll call of 120 investors, the new seven put five deal led by Credit Suisse First Boston and UBS Warburg can be considered nothing short of a resounding success.
This is particularly the case when compared to the EP company's previous deal priced almost a year ago to the day, which attracted just 18 investors and had to be scaled back from $150 million to $100 million. Representing the first fixed rate dollar bond by an Indonesian corporate since...