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HomeMaritime NewsRegionsAsiaIndonesian port operator Pelindo III raising $1bn through global bond issue

Indonesian port operator Pelindo III raising $1bn through global bond issue

Indonesian port operator Pelindo III raising $1bn through global bond issue
Indonesian state-owned port operator Pelindo III will issue global bonds worth $1bn to fund several development projects, including the construction of the overpass to the Teluk Lamong terminal in Surabaya, the deepening of the Benoa port pond in Bali, and the construction of the Gili Mas quay at the Lembar port in Lombok, local reports said.

Pelindo III president, Ngurah Askhara Dana Diputra, said the company decided to go to the debt markets to raise investment funds because it had canceled the planned initial public offering of its subsidiary, Berlian Jasa Terminal Indonesia..

Askhara said the new issue would be similar to its 2014 $500m global bond issue. Pelindo III had worked with ANZ, Credit Suisse and Standard Chartered Bank then but Askhara declined to reveal who would be appointed as the underwriters for the upcoming bond issue.

TAGS: Finance & Insurance Ports Regions Indonesia
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