JAKARTA (Yosefardi) – PT Modern Internasional Tbk (MDRN), parent company of 7-Eleven franchiser, allocates Sin$105 million or Rp980 billion to refinance its debt. It had issued global bonds worth Sin$150 million.
As at March 2015, MDRN’s short term liability totaled Rp753.65 billion, of which short term bank loan accounted for Rp412.52 billion.
While PT Soechi Lines Tbk (SOCI) plans to issue global bonds worth US$100 million in the second half of this year, of which US$140-160 million will be used to refinance its debt.
As of March 2015, SOCI’s bank loan totaled US$148.02 million. SOCI will set up its unit in Singapore, to issue global bonds with tenor of 5 years and annual coupon of 10%.