SSX to trade new bonds<\/p>\n
SURABAYA (JP): The Surabaya Stock Exchange (SSX) said on
\nMonday it has signed a preliminary agreement with six local
\ncompanies for the listing of their Rp 6 trillion (about US$790
\nmillion) worth of bonds at the exchange.<\/p>\n
SSX president Anton Natakoesoemah said here that the bonds of
\nthe state-owned pawnshop service company Perum Pegadaian would be
\nlisted with a total value of Rp 135 billion, Bank NISP Rp 500
\nbillion, and PT Indah Kiat Pulp & Paper Rp 2 trillion.<\/p>\n
He said other bonds worth about Rp 3.4 trillion would be
\nfloated by three other local companies but he refused to disclose
\ntheir names.<\/p>\n
The potential growth in the local bond market for the next few
\nyears is expected to be great, as companies who need additional
\nfunding to support operations would still have difficulty getting
\nbank loans locally as well as abroad.<\/p>\n
\"Issuing bonds is now a good opportunity especially for the
\nmedium to small-scale companies and cooperatives,\" Anton said.<\/p>\n
At least 34 companies list their bonds on the East Java
\ncapital's stock exchange, which will start its scripless bond
\ntrading in March next year to boost bond transactions. (nur\/udi)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/ssx-to-trade-new-bonds-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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