Three firms to bid for Rp 630b bonds<\/p>\n
JAKARTA: Three Indonesian companies on Wednesday announced
\ntheir plans to offer a total Rp 630 billion (US$66.5 million) of
\nbonds next month.<\/p>\n
PT Tunas Financindo Sarana said in a preliminary offering
\nprospectus that it plans to issue Rp 350 billion in one- and
\nthree-year bonds to boost lending to motor-vehicle buyers.<\/p>\n
Tunas, which booked Rp 71.9 billion in net profit last year,
\nsaid it has named PT Trimegah Securities and PT Kresna Graha
\nSekurindo as co-lead underwriters for the offering.<\/p>\n
Meanwhile, PT Bank Lampung said it would offer Rp 200 billion
\nin five-year bonds in June via PT Andalan Artha Sekuritas to
\nboost lending.<\/p>\n
The third company that unveiled a fund raising plan was Kresna
\nGraha Sekurindo. The securities company will issue Rp 80 billion
\nin bonds. It has yet to decide the maturities of the notes, which
\nwill be divided into three tranches.<\/p>\n
The three prospective issuers will determine the coupons of
\nthe bonds after they receive subscription orders next month.<\/p>\n
Several local companies have recently announced plans to tap
\nthe local bond market as local bonds are recovering from the
\nimpact of a surge in inflationary pressures in March.<\/p>\n
Inflation rose to a three-year high of 8.81 percent in March
\nafter the government raised domestic fuel prices by 29 percent.
\nAlthough inflation remained above 8 percent last month, the
\nincrease in prices of goods and services slowed. -- Dow Jones<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/three-firms-to-bid-for-rp-630b-bonds-1447893297",
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"sponsor": "Okusi Associates",
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