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Angkasa Pura II issues Rp 2t of bonds
State-owned airport operator PT Angkasa Pura (AP) II announced at a press briefing on Friday that it would issue bonds worth Rp 2 trillion (US$147.4 million) to finance its expansion plans.
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Statues of founding president Sukarno and first vice president Mohammad Hatta are seen at the Soekarno-Hatta International Airport in Tengerang, Banten. (kompas.com/Andri Donnal Putera)
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tate-owned airport operator PT Angkasa Pura (AP) II announced at a press briefing on Friday that it would issue bonds worth Rp 2 trillion (US$147.4 million) to finance its expansion plans.
PT Danareksa and PT Mandiri Sekuritas are acting as the joint lead underwriter for the bond.
The initial public offering is expected to be held on 27 June.
It is part of the company's plan to collect funds for its mid-term projects.
"Five years forward, we will need Rp 30 trillion," AP II president director Budi Karya Sumadi said on Friday.
He said the money would be allocated for an airport extension among other things.
The company will use 92 percent of the funds from the bond release for the renovation and expansion of Soekarno-Hatta International Airport in Banten, while the rest will be for other airports such as Silangit Airport in North Sumatra. (bbn)
