Pelindo I will offer three, five and seven-year bonds with coupon rates at between 8.25% and 10.25%, said president director Bambang Eka Cahyana.
"Bond issuance is a right step to securing funding as it allows for a lower interest cost compared to loan from banks," he said.
Pelindo I said it would use 54% of the funds raised to develop ports among the company's various subsidiaries while 42% will be used to buy equipment for its ports.
Meanwhile the remainder of the funds will be used to improve its hospital and improve its information technology system.
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