PT Garuda Indonesia have plans to buyback US$305,27 million floating rates notes due 2007 and IDR 366,28 billion FRN due 2007. Garuda prepare US$25 million to support buyback programe.
CEO Garuda Emirsyah Satar says the management has schedule to meet with notesholder by 15 December in Singapore.
Garuda give change to notesholder to offer the notes by dutch auction mechanisme.
Garuda targets to tap some US$300-400 million funds through the IPO of 40 percent shares at maximum. This year Garuda allocates US$100 million capital expenditure which will be maintained up to next year.
Wednesday, November 11, 2009
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