PTPN II Issues IDR150 Billion MTN

JAKARTA: PT Perkebunan Nusantara II (PTPN II) issued a medium term notes (MTN) in the amount of IDR150 billion.

The MTN I PTPN II/2010 will mature on 18 January 2012.

Director of PT Kustodian Sentral Efek Indonesia Sulistyo Budi said in a press release that the MTN offers fixed interest rate at 10.45%.

The first interest payment will be made on 18 February 2011 and the payment then will be made every three month.

Corporate bond issuance, including conventional bond, corporate sukuk (Islamic bond) and MTN this year is projected to reach IDR37.127 trillion or grow by 31.15% compared to IDR28.308 trillion last year. (NOM)

By                    : Budi Sulistyo

Source             : Bisnis Indonesia

Translated        : Using google Translater facilities