Indorama issues bonds

JAKARTA (JP): Indorama International Finance ( Brookgrance International Finance Ltd.), the overseas promoter of PT Indorama Synthetics, has issued exchangeable bonds worth 40 million Swiss francs in the Swiss market, an executive of the company here said yesterday.

The bonds, he added, are exchangeable at Rp 7,700 into the shares of PT Indorama Synthetics starting on Aug.15, reflecting a seven percent premium over the domestic price of Rp 7,200 as of July 12.

Indorama is Indonesia's largest producer and exporter of blended polyester yarns and the first polyester yarn producer in the country conforming to the ISO 9002 standards. (vin)