JAKARTA - Theta Capital Pte Ltd, a subsidiary of PT Lippo Karawaci Tbk (LPKR), will issue a tender offer for two sets of bonds maturing in 2025 and 2026. The plan is projected to complete in June 2024.

Quoted from the information disclosure today (13/5), Ratih Safitri, Corporate Secretary of LPKR, said that Theta Capital will ask for consent solicitation to the holders of Bonds 2025 and 2026. “Bonds maturing in 2025 has an interest rate of 8.125%, and Bonds 2026 has an interest rate of 6.75%,” she added.

In addition, Theta Capital will also pay Bonds 2025 and 2026 in cash.

Regarding said plan, LPKR’s subsidiaries listed as guarantors, including PT Sentra Dwimandiri, PT Primakreasi Propertindo, PT Wisma Jatim Propertindo, and PT Megapratama Karya Persada, signed the dealer manager agreement regarding Bonds 2025 and Bonds 2026 on Monday (13/5) with Deutsche Bank AG, Singapura, BNI Securities Pte Ltd, and CIMB Investment Bank Berhard. (LK/ZH)