Feb 13, 2012

Bakrie to issue Rp1 trillion bonds

PT Bakrie&Brothers Tbk (BNBR) is seeking an opportunity to issue a Rp1 trillion bonds in the last quarter of this year.
Finance Director Eddy Soeparno, as quoted by Kontan daily today, the company will use the first quarter result to issue the bonds. "Soon, our financial statement last year will be published," he said.
According to him, BNBR will use the proceed to settle short term debts, including repurchase agreement transactions (repo). By end of September 2011, BNBR recorded a Rp410.97 billion 
The company recorded repo debt to Mahakarya Modalindo of Rp151.08 billion. Recapital Securities of Rp130 billion, Panin Sekuritas of Rp30 billion, Buana Capital Securities of Rp25 billion, Sarijaya Permana Sekuritas of Rp20 billion, Sucorinvest Central Gani of Rp19.89 billion, Bina Artha Parama of Rp12 billion, and other parties of Rp23 billion.

Disclosure: No position at the stock mentioned above.
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