SUKABUMI (Yosefardi) – State port operator PT Pelabuhan Indonesia (Pelindo) II has raised US$1.6 billion, equivalent Rp20.8 trillion, via global bonds issue in May 5, 2015, issued in 2 series with tenor of 10 years and 30 years, carrying coupon of 5.375% and 5.5% respectively.
The bonds proceeds will be used to fund construction of New Priok Port project (Rp8 trillion), Tanjung Carat port project in Sorong (Rp3.5 trillion), Kijing port and Cirebon port (Rp1.2 trillion).
New Priok port construction has reached 86% for completion and will commence its commercial operation in January 2016.