Thursday, April 19, 2012

INDONESIA - CAPITAL MARKETS - Adhi Karya Plans Rp1.5 Trillion Bond Issuance

www.theindonesiatoday.com - JAKARTA, Indonesia Today - State contruction firm PT Adhi Karya Tbk (ADHI) plans to issue bond and mudharabah sukuk worth Rp1.5 trillion, Bisnis Indonesia reported this morning.

Kurnadi Gularso, ADHI's corporate secretary, said the bond and sukuk will be issued in gradual within next 3 years. "For this year, we plan to raise Rp750 billion from bond and sukuk issuance," he said.

Kurnadi said the company will use the bond proceeds to refinance the outstanding bond worth Rp500 billion which will mature in July, this year. (source)



Adhi Karya has appointed PT Danareksa Sekuritas and PT OSK Nusadana Securites as underwriters for the bond.

Kurnadi added the rest of bond proceeds amounting Rp250 billion will help support the company's investment in property business. (hans@theindonesiatoday.com)

Source: http://www.theindonesiatoday.com/news/finance/finance-photo/20775-adhi-karya-plans-rp15-trillion-bond-issuance-.html - April 19, 2012

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