Apr 4, 2012

Mayora launches Rp750 bio bonds

PT Mayora Indah Tbk (MYOR) is planning to issue Rp750 billion consisting of Rp500 billion conventional bonds and Rp250 billion sukuk mudharabah II.
Referring to the bond prospectus published today, the bond maturity is 7 years and due date on May 8 2019, while sukuk mudharabah will matire in 2017.
Mayora will use the proceed to develop biscuit production facility and supporting infrastructure in Tangerang. About 20% of the proceed will be used to finance routine expenditure for wafer, chocolate, and candy and 10% will be utilized to develop cocoa bean processing in its unit dubbed PT Kakao Mas Gemilang in Tangerang. The facilities development will be completed by end of 2013.

Disclosure: No position at the stock mentioned above. 

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