Jul 6, 2011

PT KA considers bonds issuance

The state-controlled PT Kereta Api Indonesia (PT KA) is exploring financing options such as loan facility or bonds issuance in a bid to fulfill the financing of railway project Soekarno-Hatta Airport worth Rp2 trillion.
Director Kurniadi Atmosasmito said the company will take decision the financing within 3 months, despite current feasibility study.
"The financing options will be discussed within 3 or 4 months," he said as quoted by Bisnis Indonesia daily today.
According to him, PT KA will initiate the project next year.

Disclosure: No position at the stock mentioned above. 

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