Truba sell US$300 million

PT Truba Alam Manunggal Engineering Tbk hires UBS to sell US$300 million bond .
Truba Alam has acquired 80% shares of PT Bhumi Agung Listrikondo that run combined cycle power plant of US$600 million.
Truba Alam should expand the business to cut the dependency to its unit PT Truba Jaya Engineering Tbk so that the contribution of the unit will be less than 50%.
The plan of Truba Jaya was blocked by the regulation of Indonesia Stock Exchange on the Listing of Stocks or Other Securities.