Pelindo III to issue global bonds worth $1 billion
The Jakarta Post
State-owned port management company PT Pelindo III will issue global bonds worth US$1 billion to fund several development projects, including the construction of the overpass to the Teluk Lamong terminal in Surabaya, the deepening of the Benoa port pond in Denpasar, Bali, and the construction of the Gili Mas quay at the Lembar port in Lombok, West Nusa Tenggara (NTB).
Pelindo III's president, Ngurah Askhara Dana Diputra, said the company decided to raise its investment funds through bonds issuance because it had canceled the planned initial public offering of its subsidiary, PT Berlian Jasa Terminal Indonesia, Antara reported recently.
Askhara said the new bonds issuance would follow the strategy Pelindo III used when it issued $500 million worth of global bonds in 2014 in cooperation with ANZ, Credit Suisse and Standard Chartered Bank.
However, he declined to elaborate which companies would be appointed as the underwriters for the upcoming bond issue. (srs)
- Only 4 of 6 US-granted F-16s arrive in Indonesia amid engine trouble
- Lazada.co.id to expand warehouses, merchants
- No escape: Climate displacement in Indonesia
- Iran Revolutionary Guards ready to back Palestinian forces
- Lining up for jab at life
- Anies unaware of lunch meeting with mass organizations
- Four arrested over alleged plan to attack police in Riau
- Jakarta Council Speaker urges Anies to focus on work
- Bali's rumbling volcano slashes peak Christmas tourist numbers
- Water inundates Cawang underpass, Jakarta council building