Wika issues bonds worth Rp5.4 trillion

Jakarta : State-owned construction firm PT Wijaya Karya Tbk (Wika) has issued rupiah-denominated bonds worth Rp5.4 trillion (US$405.46 million).

"Proceeds from the bond issue will be used to refinance its corporate debts, working capital, and capital expenditures," the companys acting corporate secretary, Puji Haryadi, said in an official statement released on Wednesday.

Bond pricing was conducted on Monday (Jan 22) using the Jakarta Interbank Spot Dollar Rate of Rp13,318 per dollar for Tuesday (Jan 23), he stated.

Nine days after the bond pricing, the company will settle its bonds and sign an indenture with Bank of New York Mellon, in its capacity as trustee, he noted.

The bonds are offered outside the Indonesian territory, in accordance with Regulation S and Rule 144A of the United States Securities Act of 1933, he remarked.

The issuance and offering of the bonds do not constitute public offering, as referred to in the Law No. 8/1995 on the capital market, he explained.

On the same date, the company also signed purchase agreements with BNP Paribas, the Hong Kong and Shanghai Banking Corporation Limited, Mandiri Securities Pte Ltd, and MUFG Securities Ltd, in their capacity as initial purchasers, he revealed.

Source: ANTARA News

Related posts