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Allen & Overy advises the underwriters on PT Agung Podomoro Land Tbk.’s debut US dollar high-yield bond

15 June 2017

Allen & Overy has advised BNP Paribas as sole global coordinator and Citi as joint runner in connection with the debut high-yield bond issuance by PT Agung Podomoro Land Tbk (APLN). The dollar-denominated 5.95% bond raised USD300 million for the Indonesian property developer.

APLN is a Jakarta-listed integrated property developer, which owns and develops diversified holdings in commercial, residential and retail real estate in Indonesia. Several of its landmark projects are Podomoro City, Kuningan City, Green Bay Pluit, Borneo Bay City, and Senayan City.

Commenting on the transaction, Allen & Overy partner Amit Singh said: "Allen & Overy is honored to have advised the sole global coordinator and joint bookrunners in APLN’s debut high-yield bond issuance. We have recently advised on a number of high yield bonds in Asia Pacific over the last several months, and this issuance follows our role advising the joint bookrunners in connection with Saka Energi’s inaugural bond issue".
 
The Allen & Overy Hong Kong team was led by partner Amit Singh, with support from counsel Michele Discepola, senior associate Matthew Lim, and associates Julia Cheung, Julie Song and Grace Yumul. For further information, please contact Nadine Gibbon (nadine.gibbon@allenovery.com) on +852 2974 7090.

 

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