Indonesia Digest: Alam Sutera taps JP Morgan, UBS for bond issue; Astra, Modernland ink JV

Indonesia Digest: Alam Sutera taps JP Morgan, UBS for bond issue; Astra, Modernland ink JV

Visual form Alam Sutera website

PT Alam Sutera Realty Tbk (ASRI) has appointed JP Morgan and UBS as arrangers for its planned global bonds issuance, while conglomerate PT Astra International Tbk (ASII) and PT Modernland Realty Tbk (MDLN) have set up a joint venture (JV) to develop a 70-hectare land in eastern Jakarta.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter