{
    "success": true,
    "data": {
        "id": 1531759,
        "msgid": "multicorpora-to-issue-us100m-bonds-1447893297",
        "date": "1997-01-30 00:00:00",
        "title": "Multicorpora to issue US$100m bonds",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Multicorpora to issue US$100m bonds JAKARTA (JP): Ongko Group's PT Ongko Multicorpora plans to issue bonds in the first quarter of this year worth US$100 million on overseas capital markets, the company's president said yesterday. Irjanto Ongko said proceeds from the issue would be used to strengthen the company's capital structure. Irjanto said the Ongko Group needed to find new ways to raise fresh funds through bond issues, initial public offerings or private placements.",
        "content": "<p>Multicorpora to issue US$100m bonds<\/p>\n<p>JAKARTA (JP): Ongko Group's PT Ongko Multicorpora plans to<br>\nissue bonds in the first quarter of this year worth US$100<br>\nmillion on overseas capital markets, the company's president said<br>\nyesterday.<\/p>\n<p>Irjanto Ongko said proceeds from the issue would be used to<br>\nstrengthen the company's capital structure.<\/p>\n<p>Irjanto said the Ongko Group needed to find new ways to raise<br>\nfresh funds through bond issues, initial public offerings or<br>\nprivate placements.<\/p>\n<p>He said Multicorpora planned to float on the Jakarta Stock<br>\nExchange: \"We do not know when but preparations are underway, may<br>\nbe this year or next year.\"<\/p>\n<p>Irjanto said Ongko Group, through its subsidiary PT Arya Prada<br>\nSecurities, had formed a securities company with TA Securities<br>\nBerhad of Malaysia.<\/p>\n<p>The joint venture, PT TA Ongko Securities, is 51 percent owned<br>\nby Multicorpora and 49 percent by the Malaysian firm.<\/p>\n<p>He said that TA Ongko Securities expected that between 50<br>\npercent and 70 percent of its estimated total transactions this<br>\nyear of Rp 12 billion would be in margin trading.<\/p>\n<p>This target is higher than PT Arya Prada Securities' total<br>\ntransactions last year of Rp 2 billion. \"TA Ongko is ready to<br>\nincrease the participation of domestic retail investors,\" he<br>\nsaid.<\/p>\n<p>Irjanto noted yesterday that Ongko's Malaysian partner, a<br>\nstockbroking firm with US$850 million in total assets in 1995,<br>\nwas operating in Hong Kong, Australia, Sri Lanka, the Philippines<br>\nand Indonesia.<\/p>\n<p>Ongko Multicorpora, owned by the Ongko family, has interests<br>\nin finance, banking, property and manufacturing. The firm has<br>\nfloated three of its subsidiaries, PT Keramika Indonesia, PT Bank<br>\nUmum Nasional and PT Bunas Finance Indonesia.<\/p>\n<p>Ongko Multicorpora had Rp 9 trillion worth of assets in 1995,<br>\nup from Rp 7.5 trillion in 1994. (09)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/multicorpora-to-issue-us100m-bonds-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}