28 Apr 2017

Aneka Gas to issue Rp 400b in bonds and Islamic bonds

News Source : www.thejakartapost.com

East-Java based gas distributor PT Aneka Gas Industri plans to issue conventional bonds and Sukuk Ijarah (Islamic bonds) totaling Rp 400 billion within the next two years under the shelf registration issuance (PUB).

The company will offer Rp 100 billion in bonds and Rp 300 billion in Islamic bonds as part of its PUB. Both debts have secured an A-(idn) rating from PT Fitch Ratings Indonesia.

“The proceeds will be used for refinancing, working capital and reserves for future acquisition,” Rachmat Harsono, executive vice president of the publicly listed firm, said.

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