Sawit Sumbermas Cancel to Issue Global Bond

Sawit Sumbermas Sarana, Tbk (SSMS:IJ) canceled the issuance of global bond worth USD300Mn, tenor 5-years and with an indicative coupon rate at level 7%. The cancellation due to the yield increase in the global bond market. Meanwhile, incoming requests in the Asian region coupon at the level of 7.25%, and the number of incoming request reached USD650Mn. The market is being cautious in its global bond bookbuilding.To subscribe please click here