JAKARTA (Yosefardi) – Food producer PT Siantar Top Tbk plans to issue bonds worth Rp250 billion, part of its Rp1 trillion bond program.
The bond will be issued in 2 series with tenor of 370 days and 3 years. The book building is scheduled for March 5-18, 2014 while the offering is set for March 28-31, 2014. Acting as underwriters are PT Mandiri Sekuritas.
The bond proceeds will be used to fund the business development for food and beverage industry and expand capacity of the existing production facilities. As of September 30, 2013, the company’s liability totaled Rp721.5 billion.