Altus Capital Pte Ltd, subsidiary of petrochemical products maker PT Chandra Asri Petrochemical Tbk, has bought back its bonds worth US$7.9 million or Rp69.64 billion, leaving the outstanding of US$214.78 million.
Altus issued US$230 million bonds on February 20 2010 and will mature on February 10 2015.
The bonds, quoted by Bisnis Indonesia today, are guaranteed by Chandra Asri, PT Styrindo Mono Indonesia, and PT Petrokimia Butadine Indonesia, a group of companies that is controlled by Indonesian tycoon Prajogo Pangestu or PT Barito Pacific Tbk Group.
Disclosure: No position at the stock mentioned above.
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