TBLA International Pte. Ltd.’s $200 Million Notes Offering


Hogan Lovells successfully closed a US$200 million high yield bond offering by TBLA International Pte. Ltd., an offshore subsidiary of PT Tunas Baru Lampung Tbk (TBLA). The deal was led by CLSA and Indonesian bank Mandiri Securities, who were represented by Milbank Tweed.

Tbla International Pte. Ltd. is a debt issuing vehicle. The company was incorporated in 2017 and is based in Singapore. Tbla International Pte. Ltd. operates as a subsidiary of PT Tunas Baru Lampung Tbk.

PT Tunas Baru Lampung Tbk manufactures palm cooking oil, coconut cooking oil, crude coconut oil, crude palm oil, and soap. Through its subsidiaries, the Company also operates palm, hybrid coconut, and pineapple plantations as well as real estates.

The Hogan Lovells team was led by Partner Stephen Peepels (Picture), who leads the firm’s U.S. securities practice in Asia, and included Partner Alex Wong, as well as Associates Daniel Mok and Zack Lin.

Involved fees earner: Stephen Peepels – Hogan Lovells; Alex Wong – Hogan Lovells; Daniel Mok – Hogan Lovells; Zack Lin – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: PT Tunas Baru Lampung Tbk;

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Author: Michael Patrini