Thursday, April 8, 2010

3 Underwriters handle PLN bond

The State owned Electricity Company (PT Perusahaan Listrik Negara/PLN) has appointed three companies to become underwriters for IDR3 trillion bond issuance.
The securities companies who handle PLN bond issuance are PT Danareksa Sekuritas, PT Mandiri Sekuritas, and PT Trimegah Securities Tbk.
The bond issuance is scheduled in May-June 2010. The selection of three securities companies are deemed the selection process of nine securities companies that formerly proposed themselves as underwriters.
The fund will be part of the funds required for the IDR21 trillion capital expenditure this year as from the totally required DIR71 trillion. Some other IDR50 trillion has been covered and the rest should be sought out.

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