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Indonesia: Three Units of Hutama Karya to Go IPO

JAKARTA (TheInsiderStories) - Toll road managers, PT Hutama Karya, plans to list PT HK Realtindo, PT Hutama Karya Infrastruktur (HKI), and PT Hakaaston in stages, starting 2021...

Hutama Karya Needs More Capital Injection for Trans Sumatera

JAKARTA (TheInsiderStories) -  PT Hutama Karya, the construction firm owned by the government, proposed an additional capital injection Rp19 trillion (US$1.40 billion) to complete Trans...

Indonesia’s Hutama Karya Acquires Property Firm for US$157M 

JAKARTA (TheInsiderStories) - State firm, PT Hutama Karya, has acquired 55 percent shares a local investment and property developer, PT Cempaka Surya Kencana for Rp2.2 trillion...

Indonesia’s Adhi Karya Receives Project Payments US$114M

JAKARTA (TheInsiderStories) - The state construction firm, PT Adhi Karya Tbk (IDX: ADHI) received the project payments worth of Rp1.6 trillion (US$114.29 million), said the management...

President Widodo Injects Funding US$532M for Hutama Karya

JAKARTA (TheInsiderStories) - The state-owned construction firm, PT Hutama Karya, received a capital injection worth of Rp7.5 trillion (US$531.91 million) from President Joko Widodo. This is...

Hutama, Wijaya Karya Work on Widodo’s Food Estate Project

JAKARTA (TheInsiderStories) - Toll road operator, PT Hutama Karya collaborating with PT Wijaya Karya Tbk (IDX: WIKA), and PT Adipatria work on the Joko...

Indonesia’s Adhi Karya, Brantas Abipraya Builds Part of Sumatera Toll Road

JAKARTA (TheInsiderStories) - Two state-owned construction companies, PT Adhi Karya Tbk (IDX: ADHI) and PT Brantas Abipraya formed a joint venture of PT Jalintim...

Indonesia’s Hutama Raises US$600M from Global Bond Issuance

JAKARTA (TheInsiderStories) - PT Hutama Karya has issued a global medium term notes US$600 million with tenure 10 years and a coupon rated of 3.75 percent, said the...

Indonesia’s Hutama Offers Global Bond US$1.5B

JAKARTA (TheInsiderStories) - Indonesia' toll operator, PT Hutama Karya offers global medium term notes (GMTN) up to US$1.5 billion. The notes get (P)Baa2 rating from Moody's Investors...

Moody’s Assigns First-time Baa3 rating to Hutama Karya

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a first-time Baa3 issuer rating to state-owned toll operator, PT Hutama Karya (HK). The rating outlook is stable and reflects...

Indonesia’s Hutama Karya Manages US$957M Toll Roads Projects

JAKARTA (TheInsiderStories) - Indonesia’ Toll Road Regulatory Agency has ordered state owned toll road operator PT Hutama Karya consortium to build toll road projects...

Indonesia’s Hutama Karya Prepares Investment US$3.21B

JAKARTA (TheInsiderStories) - Indonesian toll operator, PT Hutama Karya (HK) prepares investment up to Rp45 trillion or US$3.21 billion this year, said the chief...

Indonesian Govt Targets Other SOEs HoldCo Established in 1Q 2019

Indonesia’ State Own Enterprises (SOEs) ministry targets that some holding companies (holdco) establishment will be finished in March (1Q) of 2019, said the minister Rini...

Maybank Indonesia Provides Loan Facility to AP II US$206M

JAKARTA (TheInsiderStories) - PT Bank Maybank Indonesia Tbk (IDX: BNII) provided a loan facility to the state-owned airport operator, PT Angkasa Pura II (AP II) Rp3...

Indonesian Govt will Inject Capital Over US$1B to PLN, Hutama Karya

JAKARTA (TheInsiderStories) - Indonesia' parliament approved the government planned to inject capital for state-owned power producer PT Perusahaan Listrik Negara (PLN) and toll operator...
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