Jan 21, 2012

Indofood to launch Rp2 trio bonds

Indonesia's largest instant noodle maker PT Indofood Sukses Makmur Tbk, that is controlled by Anthony Salim via First Pacific Ltd, intends to join the frenzy corporate bond market this year. Indofood aims to launch a Rp2 trillion bonds.
According to Director Werianty Setiawan at Indofood, Indofood will use the bonds proceed to refinance the fourth bonds issued in 2007 and refinance its short term debt.
However, she did not mention when the company to issue the bonds. "It depends on the market condition," she said. Indofood has mandated five lead underwriters namely PT Mandiri Sekuritas, PT Kim Eng Securities, PT DBS Vickers Indonesia, PT Indo Premier Securities, and PT CIMB Securities Indonesia. 

Disclosure: No position at the stock mentioned above.

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