Aug 8, 2010

Jasa Marga mandates 3 underwriters

State-owned toll road operator PT Jasa Marga Tbk (JSMR) has mandated three lead underwriters for its rupiah denominated bond worth Rp1.5 trillion. They are PT Bahana Securities, PT Danareksa Sekuritas, and PT Mandiri Sekuritas.
Jasa Marga Finance Director Reynaldi Hermansyah, as reported by, said the company has appointed three syndicated lead underwriters.
Jasa Marga aims to raise Rp1.5 trillion from bond issuance in the last quarter this year. By the end of this year, Jasa Marga is estimated to post Rp4.2 trillion of revenue, a 20%-25% increase from last year's position at Rp3.6 trillion.

Disclosure: No position at the stock mentioned above.  

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