Jul 18, 2010

Energy Mega considers bond issuance

Oil and gas producer PT Energi Mega Persada Tbk (ENRG) is considering a global bond issuance in the second half this year in a bid to refinance existing debt.
"The company considers a global bond issuance. But, we haven't determined the size," Energi Mega's Director Didit A. Ratam said.
Based on the first quarter financial report, Energi Mega booked total obligation of Rp5.24 trillion, consisting of Rp1.15 trillion of current obligation.

Disclosure: No position at the stock mentioned above.

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