The bonds consist of two series namely series A with a period of seven years, and series B ten years. The bonds will be offered with a value of 100 pct of the main interest paid in every three months according to the date of the bond interest payment
Jakarta (ANTARA News) - State-owned mining company PT Aneka Tambang (Antam) will be offering its first stage sustainable bonds worth Rp4 trillion.

In its brief announcement on Wednesday, the company said it will issue and offer the bonds at a fixed interest of not more than Rp1.5 trillion.

The bonds consist of two series namely series A with a period of seven years, and series B ten years. The bonds will be offered with a value of 100 pct of the main interest paid in every three months according to the date of the bond interest payment.

It was also said that the Rp4 trillion will be used as investment, including routine investment in the company`s business unit to support infrastructure construction and development projects as well as the purchase of machinery and production equipment worth Rp800 billion (20%), and Rp 3.2 trillion (80%) will be used for business development and expansion.

Acting as bond emission guarantors were PT Deutsche Securities Indonesia, PT Mandiri Sekuritas, and PT Standard Chartered Securities Indonesia, while Bank Permata as bond mandate.

The bonds will be publicly offered on December 6 to 9, 2011 and registration at the Indonesian Stock Exchange (BEI) on December 15, 2011. The bonds had enjoyed an AA rating from PT Pemeringkat Efek Indonesia (Pefindo).(*)

Editor: Heru Purwanto
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