Salim Ivomas appointed 4 underwriters

PT Salim Ivomas Pratama appointed four securities companies to handle the IDR1 trillion bond issuance.
My source said the four securities firms underwriting Salim Ivomas include PT Kim Eng Securities, PT OSK Nusadana, PT Danareksa Sekuritas, and Mandiri Sekuritas.
"The bond issuance will be materialized in semester II this year," he said last week.
Formerly the scheme was realized through PT London Sumatera Tbk whose 57.4 percent shares owned by Salim Ivomas. But the scheme was canceled and bond issuance eventually was done through Salim Ivomas.
Salim Ivomas planned to issue IDR1 trillion bond to boost up the capitalization structure and corporate finance condition.
Salim Ivomas is the business unit of Indofood Agri Resources Ltd (IndoAgri), the subsidiary firm of PT Indofood Sukses Makmur Tbk, running sugar industry business. Some 90 percent shares of Salim Ivomas was owned by Indofood Oil & Fats Pte Ltd, the business unit of IndoAgri with 100 percent ownership.
Indofood has 69.4 percent IndoAgri shares through Indofood Singapore Holdings Pte Ltd with its 83.8 percent shares ownership. IndoAgri was also owned by Sariaatmadja with 6.8 percent possession, and public 23.8 percent through the stock listing at the Singapore stock exchange.