JAKARTA (Yosefardi) – Property developer PT Greenwood Sejahtera Tbk (GWSA) plans to issue bonds worth Rp500 billion this months, part of its bond issue program of Rp1.5 trillion.
The bond proceeds will be used to fund the acquisition of land area. It allocates capital expenditure (capex) of Rp1.2 trillion for 2015.
PT BFI Finance Indonesia Tbk also plans to issue bonds worth Rp1 trillion in the second quarter of 2015, part of its bond issue program of Rp2.5 trillion.
It targets it financing to grow by 12-15% next year while its profit is expected to grow by 10-12%.