JAKARTA (TheInsiderStories) - PT Pembangunan Jaya Ancol Tbk, a property developer, is issuing bonds amounted to Rp1 trillion, the proceeds of which will be used to fund its expansions. In the first phase, the company will issue Rp300 billion worth of bonds and the remaining bonds to be issued in later date.
In a published statement, the company said the bonds will consist of two series - Series A Bonds with fixed interest rate and will mature in three years and series B bonds with fixed rate to be matured in five years. The company has yet to set the coupon rate for the bonds. The company has appointed IndoPremier, Mandiri Sekuritas, Indo Premier Securities as underwriters of the bonds issue. (*)