INDONESIA PRESS-Toll road operator CMNP to issue bonds worth 2.5 trillion rupiah - Kontan

Tue Jan 21, 2014 9:32pm EST

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Toll road operator PT Citra Marga Nusaphala Persada (CMNP) plans to issue bonds and a subordinated sukuk worth up to 2.5 trillion Indonesian rupiah ($205 million), with the first issuance of 1.75 trillion Indonesian rupiah ($144.24 million) expected in April, said Finance Director Indrawan Sumantri, Kontan reports.

CMNP plans to finance expansion in toll roads. The firm has appointed Ciptadana Securities, Indo Premier Securities , Trimegah Securities and Sucorinvest Central Gani as underwriters. (Kontan) ($1 = 12132.5000 Indonesian rupiahs)

Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Jakarta Newsroom; Editing by Supriya Kurane)

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