Indofood plans to issue bonds worth Rp1 trillion

Jakarta (ANTARA News) - Indonesia`s food giant PT Indofood Sukses Makmur Tbk (INDF) plans to issue bonds worth Rp1 trillion to repay its maturing bonds worth Rp976 billion. 

The plan to issue the bonds is still under consideration, INDF Corporate Secretary Werianty Setiawan said on Tuesday. 

The value of the bonds will be a minimum of Rp1 trillion, depending on the market conditions, she said. 

Part of proceeds from the issuance of bonds will be used to repay short-term debts and strengten working capital, she said. 

To issue the bonds, the company will appoint PT DBS Vickers Securities Indonesia, PT Danareksa Sekuritas, PT ING Securities Indonesia, PT Kim Eng Securities, PT Mandiri Sekuritas, and PT OSK Nusadana Securities Indonesia as joint lead underwriters, she said.