PT Jamsostek bougth the bonds issued by PT Indofood Sukses Makmur Tbk.
the action taken by Jamsostek triggered the soaring bonds issued by Indofood as from IDR1 trillion into IDR1.61 trillion.
Investment Director of Jamsostek Elvyn Gani Masasya said the company bought Indofood bonds but has not decided the number.
"We don't buy them all as the review result," she said last week.
Director of Indofood Werianty Setiawan in public expose in the bourse said the bonds issuance was increased into IDR976 billion to pay the III/2004 bond series matured in July and the rest is for short term loan payment.
Indofood bond coupon is set by 13 percent per year. The underwriters for Indofood include PT DBS Vickers Securities Indonesia, PT Danareksa Sekuritas, PT ING Securities Indonesia, PT Kim Eng Securities, and PT OSK Nusadana Securities Indonesia.
Tuesday, June 2, 2009
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