JAKARTA (Yosefardi) – State port operator PT Pelabuhan Indonesia III has issued global bonds worth US$500 million, equivalent Rp6 trillion, offering 4.875% yield.
The bond has tenor of 10 years, used to to fund its projects. The company is now working on terminal project at Lamong bay which costs Rp3.8 trillion, targeted to operate this year. It is also building a port in Manyar, Gresik, targeted to operate next year.
Pelindo III targets to increase its assets to Rp14 trillion this year and to Rp28.7 trillion by 2018. The company also targets to book Ebitda of Rp2.3 trillion this year and Rp5.77 trillion by 2018.