9/06/2016

PT Jasa Marga to Issue Bond Worth of 19 trillion in 2017

 PT Jasa Marga  to Issue Bond Worth of 19 trillion in 2017 Publish
The stated owned enterprise, PT Jasa Marga plans to issue bond worth of 19 trillion rupiahs next year. The fund obtained from bond issue will be used for the new toll projects and also for refinancing of existing bonds. 

To the bisnis.com, fiance director of PT Jasa Marga anggiasari hindratmo said that around Rp 2 trillion will be used for the repayment of existing bond while the rest coupon still await for the market condition but still it will be in single digit due to the desire of the company for lower cost of fund. Based on the financial statement, the company has the bond debt Rp 6.08 trillion and Rp 1.4 trillion  of it will mature this year, while the next year the mature bond will be Rp 1.5 trillion. 

Anggiasari stated that the funding from bond will complement the supplement fund from banks and equity  funds to bolster the projects next year which reach amounting Rp 28 trillion. This year, PT jasa marga will gain fresh fund from new shares issuance Rp 1.8 trillion.  Rp 1.25 trillion is from the state capital participation while the rest from public investors. Funds that are obtained from issuance of new shares will be used for toll construction of jakarta -cikampek, pandaan-malang and batang semarang. 


PT Jasa Marga has alot of fund to finance the project tender won. Next year , pt jasa marga will run the project of manado-bitung with total investment of Rp 5.12 trillion, Pandaan-malang and Jakarta cikampek which need fund each Rp 9.97 trillion and Rp 5.97 trillion. This year PT. Jasa Marga has embroiled in  in 17 toll roads with a total of 711.71 km roads along. The Concessions segment The firm largely owned by the share of over 51 percent.


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