Sep 24, 2011

Ratu Prabu to issue bonds

PT Ratu Prabu Energy Tbk (ARTI) intends to issue bonds in the first quarter of 2012. Regarding to the plan, the oil and gas company has proposed the plan to Badan Pengawas Pasar Modal & Lembaga Keuangan (Bapepam-LK). 
President Director Burhanuddin Bur Maras, as quoted by Kontan daily today, said the company is calculation the bonds size.
The company will use the bonds proceed to expand its gold mining in Central Kalimantan with an investment of US$25 million.
Disclosure: No position at the stock mentioned above.

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