Financing firm PT Federal International Finance, a unit of PT Astra International, plans to issue bonds worth 1.55 trillion Indonesian rupiah ($133.08 million) in March or April this year, with a three-year tenure, according to a report by Fitch Ratings, Investor Daily reports.
The company’s Corporate Secretary Arif Reza Fahlevi said the firm also plans to issue a new bond in the second half of the year. Revenue rose marginally to 5.5 trillion Indonesian rupiah in 2013, while net profit rose 9 percent to 1.2 trillion Indonesian rupiah. (Investor Daily)
Note: Reuters has not verified this story and does not vouch for its accuracy.
$1 = 11647.5000 Indonesian rupiahs Compiled by Jakarta Newsroom; Editing by Supriya Kurane