PT Semen Gresik Tbk is considering issuing convertible bonds next year. Bisnis Indonesia source said the company will issue the convertible bonds after the issuance of US$500 million bonds in January 2008.
The company will issue US$500 million loan and then it will issue the convertible bonds.
The Vice President Director of Semen Gresik Rudiantara said to me that he did not know the plan yet.
The company needs additional capital of US$200 million in addition to US$1.3 billion in the previous plan to finance the development of two power plants.
Wednesday, October 31, 2007
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