"In the first phase we will issue bonds worth Rp2.1 trillion. The bonds will be part of the overall bonds worth Rp6 trillion we will issue until 2015," PT Jasa Marga corporate secretary David Wijayatno said.Jakarta (ANTARA News) - State toll road operator PT Jasa Marga Tbk (JSMR) has set itself the target of issuing bonds worth Rp2.1 trillion in September.
"In the first phase we will issue bonds worth Rp2.1 trillion. The bonds will be part of the overall bonds worth Rp6 trillion we will issue until 2015," PT Jasa Marga corporate secretary David Wijayatno said at the State Enterprises Ministry here on Thursday.
The company had appointed PT Mandiri Sekuritas as a bond issue underwriter, he said.
"We have appointed Mandiri Sekuritas as a bond issue underwriter. We are in the process of applying for an effective statement from the Financial Service Authorities (OJK)," he said.
Jasa Marga would use Rp1.7 trillion of the proceeds from the issuance of the bonds worth Rp2.1 trillion to refinance its debts due in October 2013, he said.
"The remaining Rp400 billion will be used to build a new toll road and complete the construction of a number of sections of Jasa Marga toll roads," he said.
David said he was optimistic the bonds would receive positive responses from the market, along with the company`s business prospects.
Local rating agency Pemeringkat Efek Indonesia (Pefindo) has assigned its AA (double A) rating for the bonds.
"The momentum is right. The coupon of the bonds is also expected to reach a single digit so they will attract investors," he said.
Jasa Marga was planning to conduct a roadshow for the bonds in August, he said. (*)
Editor: Heru Purwanto
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