(Bloomberg) -- PT Indika Inti Energi, a privately owned energy group run by Indonesian businessmen Agus Lasmono and Wiwoho Basuki, raised $250 million from its first dollar- denominated bond sale, attracting almost $4 billion of demand.
Indika, which plans to pay debt and buy assets, priced the five-year bonds to yield 8.497 percent, 391.4 basis points more than U.S. Treasuries, according to an e-mail sent to investors. Strong demand helped the company cut the yield from as high as 8.875 percent set on April 26. A basis point is 0.01 percentage point. JPMorgan Chase & Co. and ING Groep NV managed the sale.
Read more at Bloomberg Bonds News
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