The bonds will be offered in June 2016 at an interest or coupon of 8.50-9.25 percent, PT Angkasa Pura II Finance Director Andra Y Agussalam said here on Friday.
The bonds will be divided into series A, B and C.
The series A bonds, due in five years, will be issued at a coupon of 8.50-8.75 percent, the series B bonds due in seven years will be issued at a coupon of 8.75-9 percent, and the series C bonds due in 10 years will be issued at a coupon of 9-9.25 percent, he said.
He said the company will use 92 percent of proceeds from the issuance of the bonds to develop the airport. The rest will be used to expand other airports under its management.
"The bonds have received AAA (triple A) rating from credit rating agencies PT Pemeringkat Efek Indonesia (Pefindo) and Fitch Ratings Indonesia," he said.
The development of Soekarno-Hatta Airport will cost the company Rp4.7 trillion, covering Rp2 trillion for the construction of terminal 3 ultimate and the revitalization of terminals 1 and 2.
"The revitalization is expected to be completed in 2018. The soft opening of terminal 3 ultimate is scheduled for the second semester of 2016," he said.
PT Angkasa Pura has appointed PT Danareksa Sekuritas and PT Mandiri Sekuritas as bond issue underwriters, with PT Bank Mega Tbk as a trust agent. (*)
Editor: Heru Purwanto
Copyright © ANTARA 2016
