TOWARD - ASEAN FREE TRADE AREA 2015 Competitive Analysis of - TopicsExpress



          

TOWARD - ASEAN FREE TRADE AREA 2015 Competitive Analysis of Indonesia Corporation -PT Waskita Karya ( Persero),Tbk - Waskita to Sell Bonds, Expand Overseas Indonesia Leading State - Owned Construction Company & Developer PT Waskita Karya ( one of the country’s leading construction companies ) aims to raise Rp 2 trillion ($168 million) from the sale of bonds over the next few years, to support expansion. The first phase of the bond sale is expected in either September or October 2014 . Waskita is currently still looking for underwriters for the sale. The yield will not be far from its current borrowing rate from banks, which ranges between 9.75 percent and 10 percent. The company will primarily use the proceeds of the bond sale to help secure Rp 18.7 trillion in contracts. The proceeds will also be used to fund other expansion plans, such as undertaking more apartment and highway projects in order to boost recurring income.Waskita targets recurring income to contribute between 10 percent and 15 percent of its revenue in the next five years
Posted on: Sat, 09 Aug 2014 07:48:44 +0000

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