www.theindonesiatoday.com - JAKARTA, Indonesia Today - Food processor PT Mayora Indah Tbk (MYOR) has reportedly set 8.5% coupon for Rp500 billion bond and 8.25% coupon for Rp250 billion sukuk (Islamic bond), Bisnis Indonesia reported this morning.
Yuni Gunawan, Mayora's corporate secretary, said the company during the offering period ending on Monday (April 23) offered coupon of 8.25% to 9.5% for bond and offered coupon of 7.75% to 9% for sukuk. (source)
"We set coupon at lower bound based on the investors' demand during the offering period," she said, noting the incoming bid reached Rp3.7 trillion, oversubcribed by 5 times.
The bond has tenor of 7 years while sukuk has 5 years tenor.
The proceeds of the bond and sukuk will be used for expanding biscuits factory and its supporting facilities in Tangerang (70%), financing wafer, chocolate and candy divisions (20%) and the rest for developing cacao processing plant managed by PT Kakao Mas Gemilang in Tangerang. (hans@theindonesiatoday.com)
Source: http://www.theindonesiatoday.com/news/finance-headlines/20892-mayora-sets-bond-coupon-at-825-to-85-.html - April 24 2012
No comments:
Post a Comment