JAKARTA (Yosefardi) – Tour and travel company PT Panorama Sentrawisata Tbk (PANR) mulls to issue bonds worth Rp400 billion, used to fund its capital expenditure (capex).
The bond issue is likely to launch after the presidential election. The company had issued bonds worth Rp100 billion last year.
It allocates capex of Rp429 billion for this year, a 43% rise compared to Rp300 billion last year. Currently PANR operates 1,300 units of vehicles or fleets.
The company targets operating revenues to grow by 10-15% this year.