Indo Premier handle Titan bonds

PT Titan Petrokimia Nusantara, as subsidiary of PT Titan Kimia Nusantara Tbk, assigned PT Indo Premier Securities and PT Standard Chartered Securities Indonesia as the underwriter of bond and sharia bond issuance totaling IDR500 billion.
There are two tranche of bonds, sukuk with IDR200 billion and conventional notes with worth IDR300 billion.
For 30 September 2009, Titan Kimia Nusantara record IDR306.27 billion in earnings, surging 271.01% from IDR82.55 billion during the same period last year.
The high earnings are attributable to the management's success in reducing sales core burden in the first nine months of the year. The company's sales in the third quarter of 2009 reached IDR2.9 trillion on a sales core burden of IDR2.41 trillion. In the meantime, the company's sales in the first nine months of 2008 reached IDR2.86 trillion on a sales core burden of IDR2.63 trillion.