Monday, January 10, 2011

Sulfindo picks two underwriter

PT Sulfindo Adiusaha, an Indonesian company which makes chlorine and chemicals, hired Barclays Plc and Standard Chartered Plc to help it sell five-year, fixed-rate dollar bonds.
The company will meet with investors in Singapore, Hong Kong, London and the U.S. beginning Jan. 12.
Fitch Ratings has today assigned a 'B' Long-term foreign currency Issuer Default Rating (IDR) with a Stable Outlook and a foreign-currency senior unsecured rating of B to Sulfindo Adiusaha. At the same time, the agency has also assigned an expected rating of 'B' to the proposed senior secured US$ notes to be issued by Sulfindo Netherlands B.V. and guaranteed by Sulfindo.

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