Jasa Marga to issue bonds

JAKARTA (JP): Toll road operator PT Jasa Marga will soon issue Rp 250 billion (US$33 million) in bonds to finance its toll road projects.

The company said here on Tuesday that about 60 percent of the bond proceeds would be used to finance several ongoing toll road projects, including the Ulujami-Pondok Aren toll road in Tangerang, the Grogol-Pluit in West Jakarta, the Palimanan- Cirebon in West Java and a flyover in Semarang, Central Java.

The remaining 40 percent of the bond proceeds would be used to finance several other existing projects, the company said.

The bonds, which will be the 17th bonds issued by the toll road operator, will carry both fixed and floated interest rates. (hen)