JAKARTA (Yosefardi) – PT HK Realtindo, subsidiary of state owned PT Hutama Karya, plans to issue bonds worth Rp650 billion early next year. The company also mulls to offer 30-35% shares through the initial public offering (IPO) in the second half of 2016.
HK Realtindo also plans to issue medium term notes (MTN) worth Rp500 billion, to fund its capital expenditure (capex) of Rp1 trillion for this year.
With IPO, the company targets to boost its assets to Rp3.5 trillion, from current Rp1 trillion. While equity is targeted to reach Rp1 trillion from current Rp350 billion.
HK Realtindo booked net profit of Rp45 billion in the first half of 2015, jumped 50% from Rp45 billion in the same period of 2014.