Sep 6, 2010

Jasa Marga bonds offer 8%-10% yield

Publicly listed toll road operator PT Jasa Marga Tbk (JSMR) offers yield on Rp1.5 trillion at the level of 8%-10%.
A source familiar with the matter said the 3 year bonds will offer yield at 8%-9% annually. "The 10 year bonds will offer annual yield at 8.7%-10%," the source said.
Jasa Marga Corporate Secretary Okke Merlina said the company hasn't determined the bonds yield level.
The toll road operator has mandated three lead underwriters PT Bahana Securities, PT Danareksa Sekuritas, and PT Mandiri Sekuritas.
Jasa Marga estimates to post Rp4.2 trillion revenue in 2010, a 20%-25% from Rp3.6 trillion a year earlier.

Disclosure: No position at the stock mentioned above.
 
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