J Resources unit issues MTNs
Tuesday, June 13 2017 - 01:08 AM WIB
By Romel S. Gurky
IDX-listed gold mining firm PT J Resources Asia Pasifik Tbk announced Monday that its subsidiary PT J Resources Nusantara (JRN) has issued medium term notes (MTNs) worth Rp 500 billion with interest rate of 11.05 percent and tenor of 36 months.
The company said in a statement that the proceeds will be used to among others finance JRN working capital.
J Resources operates producing gold mines in Penjom, Malaysia, and in North Sulawesi, Gorontalo and North Kalimantan in Indonesia.
Editing by Reiner Simanjuntak