Friday, February 12, 2010

Star Energy lists US$350 Million Notes on SGX next week

Star Energy Geothermal (Wayang Windu) Ltd's US$350 million Senior Secured Notes due 2015 will be listed and quoted on Singapore Stock Exchange (SGX) bonds market next Wednesday.
The joint lead managers of the Notes are Barclays Bank Plc, Nomura International Plc, and Standard Chartered Bank. Star Energy Geothermal (Wayang Windu) Ltd controls the geothermal power plant in West Java. The company is expanding the facilities. Most of the proceeds will be used to refinance existing debts.
Another Indonesian energy company PT Cikarang Listrindo had previously listed US$300 million 9.25% Notes due 2015 also on SGX.

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