The Jakarta Post
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsConsumer goods giant Indofood Sukses Makmur to issue bonds worth Rp 2t
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Set as preferred source
A customer takes packets of instant noodle from a shelf at a convenient market in Jakarta. (tempo.co/Dinul Mubarok)
P
ublicly listed consumer goods giant PT Indofood Sukses Makmur will issue bonds worth Rp 2 trillion (US$150 million) with a tenure of five years at a fixed rate.
The firm held an investor gathering on Friday to offer the bonds, which have received an AA+ (stable outlook) rating from state credit rating agency PT Pemeringkat Efek Indonesia (Pefindo), according to an official statement.
"The proceeds after cost deductions will be used to repay the Indofood Sukses Makmur VI year 2012 bonds amounting to Rp 2 trillion, which fall due on May 31, 2017," the statement reads.
The book-building process runs from May 5 to 15 and the bonds will be listed on the Indonesia Stock Exchange (IDX).
Indofood has appointed securities firms Mandiri Sekuritas, BCA Sekuritas, CIMB Sekuritas Indonesia, DBS Vickers Sekuritas Indonesia, Indo Premier Sekuritas and Trimegah Sekuritas Indonesia as the offering underwriters.
Indofood, which owns the Indomie instant noodle brand, booked 8 percent growth in its net sales to Rp 17.83 trillion as of March compared with the corresponding period last year. Its net profits grew by 11 percent year-on-year (yoy) to Rp 1.2 trillion during the period. (bbn)
