The State-owned Electricity Company (PLN) will soon have tender for underwriter for the issuance of US$1.1 billion global bonds or IDR10 trillion in November.
In preparation of the IDR3 trillion bonds issuance, PLN is assisted by three underwriters, Danareksa Sekuritas, Trimegah Securities, and Indo Premier Securities.
In the same time, PLN to acquire Bahter Adhiguna shipping company.
The payment method will be done through imbreng mechanism in a bid to avoid hard cash transaction noting that they are owned by the government.
The transaction is scheduled to complete in semester II/2008 so that PLN could boost up the performance and capacity of Bahtera.
PricewaterhouseCoopers recommended the 100 percent of acquisition value of Bahtera shares stands at IDR74 billion based on the financial report of Bahtera as per September 30, 2007.
Friday, August 15, 2008
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