10 Nov 2017

Fitch Rates Aneka Gas’s IDR Bonds and Sukuk ‘A-(idn)’

09 Nov 2017 11:43 AM EST Fitch Ratings-Jakarta-09 November 2017: Fitch Ratings Indonesia has assigned PT Aneka Gas Industri Tbk's (Aneka Gas; A-(idn)/Stable) IDR256 billion bonds and IDR144 billion sukuk ijara a National Rating of 'A-(idn)'. Both issuances are due 2022 and the proceeds will be used to refinance the company's existing debt.

The issuances are the second phase of Aneka Gas’s IDR500 billion bond and IDR500 billion sukuk ijara programmes and are rated at the same level as the programmes, whose ‘A-(idn)’ National Ratings were published on 19 May 2017. Assuming full subscription, Aneka Gas will have IDR180 billion and IDR110 billion remaining on its bond and sukuk ijara programmes, respectively.