By Ayu Citra SR Surabaya, E Java (Antara) - State owned port operator PT Pelabuhan Indonesia (Pelindo) III had the highest ever record in global bond demand among state companies. "Orders were recorded US$6.4 billion," Djarwo Surjanto, the president of company said here on Friday. A US$500 million bond of the state port company with order closed on Wednesday was 13 times oversubscribed as against a previous record of 6 times by state companies. Djarwo said the strong demand for the bond carrying an annual coupon rate of 4,875 percent, reflected the confidence of global investors in the company. He said the company is optimistic it would have no problem in repaying the bond debt maturing in 10 years. The bond was issued with ANZ, Credit Suisse, and Standard Chartered Bank as joint lead managers and BNI Securities and MUFG as co managers, he added. "Investors from Asia, Europe and the United States are enthusiastic ordering the bond from us," he said. US investors would have an allocation of 42 percent of the bonds, Asian investors 32 percent and European investors 26 percent, he said. (*)

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Editor : Edy M Yakub


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