Thursday, December 4, 2008

Jamsostek bought IDR450 billion PLN bonds

PT Jamsostek targets the bonds issued by the State owned Electricity Company (PLN) worth IDR300-450 billion.
The value here reflects 20-30 percent of the total debt offered by PLN of IDR1.5 trillion. Along with the better market responses, PLN opened chances to augment more bonds issuance.
Vice President Director of PLN Rudiantara admitted for not having received the interest from Jamsostek. But he hailed the Jamsostek scheme.
"We are glad to have market responses. The option to add more bonds issuance is still open but of course it should consider the book building result."

No comments: