PT Bakrie Sumatera Plantations issues US$25 million additional bonds for funding capital expenditure. Price from the new bonds 98.75%, coupon 10.75% and yield 11.48%.
The bonds are guaranted by Bakrie Plantations and subsidiary like PT Bakrie Pasaman Plantations, PT Agrowiyana, PT Agro Mitra Madani, PT Huma Indah Mekar, PT Air Muring.
Bakrie Plantations picks Arch Advisory Limited as a advisors and Bookwise Investments Limited as a stand by buyer.
Bakrie Plantations is preparing US$10 million to make investments in Liberia through its subsidiary, Bakrie Liberia Plantations B.V.
Tuesday, October 20, 2009
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