Sunday, July 15, 2007

Indonesia's Cikarang Listrindo to Sell $425 Million of High-Yield Bonds

(Bloomberg) -- PT Cikarang Listrindo, an independent
power producer in Indonesia, plans to sell $425 million of high-
yield, high-risk bonds, according to an e-mail sent to investors.

The power company, which supplies to state-owned utility PT
Perusahaan Listrik Negara, hired Morgan Stanley and UBS AG to
arrange the sale, the e-mail shows.


Read more at Bloomberg Bonds News

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