KPC plans road show for its euro bond issue
Thursday, April 15 2004 - 03:10 AM WIB
East Kalimantan-based PT Kaltim Prima Coal, one of the Indonesian major coal producers, will hold a road show in Singapore, Hong Kong, Boston and New York beginning April 26 to promote the company’s euro bonds, Bisnis Indonesia reported on Thursday.
Sources told the business daily that before holding the international road show, KPC would carry out a presentation for domestic investors in Jakarta.
The sources said that KPC expected to raise about US$450 million from the bonds, which would be jointly managed by Suisse First Boston (CSFB), JP Morgan, and PT Mandiri Sekuritas.
The bonds which would have a maturity period of 10 years would carry floating and fixed rates of between 9 percent and 10.5 percent. KPC will use its British Virgin Islands-based subsidiary KPC International Finance Company BP as the vehicle for the issuance of the bonds. (*)