JAKARTA (Yosefardi) – PT United Tractors Tbk (UNTR) will buy medium term notes (MTN) worth up to Rp600 billion issued by PT Surya Artha Nusantara Finance (SAN Finance).
SAN Finance has issued MTN worth Rp300 billion in October 4, 2013, in three series, which carries coupon of 6.5%.
UNTR is expected to book sales of Rp52.87 trillion this year, and Rp59.91 trillion next year along with expected growing infrastructure sector.
At 10.11 am Jakarta time, UNTR declined 1.34% to Rp18,450 per share.