Oct 27, 2010

BW Plantation bond coupon at 10.675%

Palm oil player PT BW Plantation Tbk, produsen minyak sawit mentah (crude palm oil/CPO), has determined Rp700 billion bonds coupon at 10.675% per annum.
BW Plantation Corporate Secretary Kelik Irwantono said the company and underwriters have decided the bonds size at Rp700 billion as well.
"I have't received any detail numbers from underwriters," he told Insider Stories.
BW Plantation will use the proceed to support debt refinancing, especiallu to Citibank NA and Bank Artha Graha, expansion, and working capital.
Three lead underwriters PT Danareksa Sekuritas, BNI Securities, and Kresna Graha Sekurindo arrange the bonds.

Disclosure: No position at the stock mentioned above.  

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