PT Davomas Abadi Tbk is mulling to sell convertible bonds of US$100 million to boost its production capacity. The company has assigned Lehman Brokers to prepare the plan.Davomas has focused to develop downstream industry on deodorized cocoa butter and alkalized cocoa powder at the capacity of 40,000 tons.
The two products are premium class ones that can be used to produced foods, cosmetics, and pharmaceutical products.
Davomas developed the facility using US$80 million bonds it sold last September. The bonds were sold by its unit Davomas International Finance Company Pte Ltd and will mature in 2011.
Previously it sold US$150 million bonds with the same terms and conditions.
On May last year Davomas sold US$125 million bonds at the interest rate of 11% following the sale of US$25 million in December 2006.
Monday, March 17, 2008
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