JAKARTA (Yosefardi) – PT Express Transindo Utama Tbk (TAXI) mulls to issue bond worth up to Rp1 trillion, to fund its capital expenditure (capex) this year.
It allocates capex of Rp600 billion for this year, used to purchase 2,000 new vehicles and to build 6-7 new taxi pools in Jakarta area.
TAXI targets its revenue to grow by 28% to Rp900 billion this year, compared to Rp700 billion estimated for last year.
Meanwhile coal miner PT Berau Coal Energy Tbk (BRAU) also mulls to issue global bond this year. It earlier planned to issue global bond worth US$450 million in late last year but cancelled as the market’s condition did not support.