JAKARTA: PT Panorama Transportasi Tbk (WEHA) will issue its first bonds amounted to IDR100 billion in the first semester of 2012 which matures in 3 years.
The company managing transportation services of White Horse, Day Trans, and Europcar has assigned PT Victoria Securities Indonesia and PT Waterfront Securities Indonesia as underwriters.
The management led by Satrijanto Tirtawisata said the bonds will be entirely issued on May 10-11, 2012 and will be followed by allocation process on May 14, 2012.
“70% of the funds will be used to repay debts, 20% for additional transportation units, and 10% for purchasing land used for motor pool,” Management told in a prospectus published today, Wednesday, April 24, 2012.
The Panorama Group subsidiary has also appointed Bank Mega as the trustee and received BBB+ with stable prospect by PT Pefindo. (T07/aph)