Three Indonesian firms plan $164 mln 1st quarter bond issues

by uusjio | January 15, 2008 at 08:29 pm

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Three Indonesian companies said on Wednesday they plan to raise a total of 1.55 trillion rupiah ($164.1 million) via bond issues in the first quarter to support business expansion and repay debt.
The largest proposed issuance is by shipping company PT Arpeni Pratama Ocean Line Tbk, which intends to offer 750 billion rupiah bonds in early March to repay debt and for working capital, Reuters reported.
Arpeni has appointed PT DBS Vickers Securities Indonesia and CIMB-GK to handle the issuance.
Property company PT Bakrieland Development Tbk, controlled by the family of Indonesia's chief social welfare minister Aburizal Bakrie, is planning to

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