Cikarang Listrindo may price bonds 9%-10%

PT Cikarang Listrindo may price US$300 million of five-year bonds between 9 percent and 10 percent.
Cikarang Listrindo, supplying power to the private firms in Cikarang industrial areas, plans to incrase the power plant capacity into 646 MW. Cikarang Listrindo has and operates gas-based power plant with 518 MW and sells the product to PLN.
Cikarang Listrindo through its subsidiary firm Listrindo Capital B.V. change the bond issuance structure as from the secured into unsecured one. The action is taken along with the note given by the corporate tax advisor.