Oct 13, 2010

BWPT sets ‎​9.675% - 10.675% coupon

CPO producer PT BW Plantation Tbk (BWPT) has set a 9.675%-10.675% coupon rate of five year Rp700 billion bonds to be launched in November this year.
A local fund manager said BW Plantation will use the bonds proceed to refinance existing debts, expansion, and working capital.
BW Plantation is aiming to refinance existing loans to Citibank NA and Bank Artha Graha. BW Plantation Corporate Secretary Kelik Irwantono declined to comment.

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