The company recently completed rating process from PT Pemeringkat Efek Indonesia, said Corporate Secretary Ahdia Amini. The result will be published next week.
After getting the ratings for the bonds, he said, the company still have to ask Ministry of State-Owned Enterprises (SOE) approval as the majority shareholder. After that, the selection of underwriters will be implemented.
“We are planning to issue bonds worth approximately IDR500 billion-IDR600 billion,” he said on Wednesday, (7/4/2012).
The state-controlled company will select both national and private securities to manage the corporate action.
The potential proceeds will be used to add capital expenditure, expansion and refinancing. (T05)