28 Apr 2017

Aneka Gas Industri to Raise Rp 400b From Bond Sale in May

News Source : www.jakartaglobe.id

Aneka Gas Industri, Indonesia’s largest supplier of industrial gas, is planning to raise Rp 400 billion ($30 million) from the sale of conventional bonds and Islamic bonds, also known as sukuk, in May to refinance debt.

Aneka Gas produces and distributes industrial gases, including oxygen, nitrogen, synthetic gas, fuel gas and medical gas, along with complimentary and installation equipment. The company’s products are used in various applications and industries, including health care, metallurgy, energy and infrastructure.

The company expects to raise Rp 300 billion from conventional bonds and a further of Rp 100 billion from sukuk, which will be sold with different maturity periods. The company will offer a three-year bond with a coupon of between 9.5 percent and 10.5 percent and a five-year bond with a coupon of between 9.75 percent and 10.75 percent.

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