Jun 8, 2012

Bentoel weighs 3 options for bonds refinancing

Cigarette maker PT Bentoel Internasional Investama Tbk (RMBA) is weighing three options of bonds refinancing worth Rp1.35 trillion maturing in November this year.
Director Chrisdianto Tedjawidjaja said the three options are bank loan facility, institutional loan facility, and rollover.
"If we issue the bonds, the rate is estimated between 7%-8% as our previous rating was AAA," he said in a public expose yesterday as quoted by Bisnis Indonesia today.
Bentoel issued rupiah denominated bonds in November 2007. The outstanding bonds currently are Rp1.35 trillion with fixed rate of 10.5%.

Disclosure: No position at the stock mentioned above.

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