JAKARTA (Yosefardi) – PT Intan Baruprana Finance (IBF), unit of heavy equipment distributor PT Intraco Penta Tbk (INTA), plans to issue bonds worth Rp300 billion in second half of this year.
IBF targets its financing to total Rp1.2 trillion to Rp1.3 trillion. It had obtained Rp800 billion loan from bank for supporting its financing.
While INTA expects its revenues to grow by 15-20% this year though mining industry is not in recovery yet.