PT Jasa Marga Tbk, Indonesian toll-road operator, plans to sell IDR1.5trillion of bonds early in the fourth quarter and will use about 70 percent of the proceeds to refinance debt. The company plans targets IDR2.5 trillion of capital expenditure this year.
Jasa Marga has picks PT Bahana Securities, PT Danareksa Sekuritas, and PT Mandiri Sekuritas as a underwriter for bond sale.
The company recorded IDR647.6 billion in net profits, up 63 percent from last year at IDR395.7 billion. Jasa Marga also booked Rp 2.1 trillion in revenue, a 24 percent increase from last years Rp 1.7 trillion. The increase was driven by a 2.6 percent increase in toll traffic.
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