INDONESIA - CAPITAL MARKETS - Adhi Karya issues Rp 750b bonds

www.thejakartapost.com - JAKARTA: Publicly listed construction company PT Adhi Karya is seeking Rp 750 billion (US$80 million) from issuing conventional and Islamic bonds with high coupon rates ranging between 9 and 10.5 percent.

The company is offering Rp 625 billion in conventional bonds, which are divided into two series. The A series, which will account for Rp 375 billion and will mature in five years, will be offered with 9 to 10 percent coupon rates, corporate secretary Kurnadi Gularso said after the company’s public expose on Thursday.

Meanwhile, the B series, which will total Rp 250 billion with a maturity period of seven years, will be offered with 9.5 to 10.5 percent coupon rates.  (source)