Indofood seeks IDR1 trillion bonds

PT Indofood Sukses Makmur Tbk eyes on the possible bond issuance worth IDR1 trillion while waiting for a conducive market.

Would the bond issuance scheme come to real, the INDF stock code company will spend its fund to refinance the III bond series worth IDr976 billion which will mature by July this year.

The instant noodle producer in May last year planned to issue IDR1.5 trillion bond. But eventually the plan was called of as the investor demanded for about 14 percent return. Indofood prefers to seek fund from bank loan to finance its business expansion.

Indofood last year appointed five underwriters to help ease the rupiah bond issuance. Those include DBS Vickers Securities Holdings Pte, ING Securities, Mandiri Sekuritas, Danareksa Sekuritas, and Kim Eng Securities.