Antam to hold road show this week
Monday, September 1 2003 - 02:50 AM WIB
State general mining company PT Aneka Tambang Tbk (Antam) plans to hold road show in a number of countries as a part of its plan to issue bonds to finance its Feronikel III (FeNi III) project, economic daily Bisnis Indonesia said on Monday.
The paper quoted a source as saying that Antam would tour Singapore, Hong Kong and London from Sept. 5 to Sept. 10 to promote its planned bonds issuance amounting between US$250 million and $270 million.
The company expects to set the price for its bonds on Sept. 10, 2003, after the road show.
Antam's president director D. Aditya Sumanagara declined to comment on the planned road show.
The mining company needs between $360 million-$380 million to build a smelter and a power plant for its FeNi III project. (*)