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Indonesia's Indofood plans $161 mln bond issue

Wed Jun 10, 2009 6:42am EDT

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JAKARTA, June 10 (Reuters) - Indonesia's PT Indofood Sukses Makmur Tbk (INDF.JK) plans to raise 1.61 trillion rupiah ($161 million) from a five-year bond issue in June, the firm said in a prospectus on Wednesday.

Indofood, the world's largest instant noodle maker, said the bonds would carry a coupon rate of 13 percent and the proceeds of the issue would be used to refinance maturing debts.

PT DBS Vickers Securities indonesia, PT Danareksa Sekuritas, PT ING Securities Indonesia, PT Kim Eng Securities and PT OSK Nusadana Securities Indonesia had been appointed as underwriters.

The company, controlled by Indonesia's Salim family through Hong Kong-listed First Pacific Ltd (0142.HK), has set the offer period from June 11-15, before listing on June 19. ($1 = 10,000 rupiah) (Reporting by Tyagita Silka; Editing by Ed Davies)



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