Aneka to use bond proceeds to refinance debts
Tuesday, March 19 2019 - 02:18 AM WIB
IDX-listed gas distribution firm PT Aneka Gas Industri Tbk said it has recently completed the issuance of bonds, of which part of the proceeds will be used to refinance debts maturing this year, Bisnis Indonesia reported on Tuesday.
The paper quoted Aneka President Director Rachmat Harsono as saying that the company’s debts maturing in the first and second quarter of this year totals Rp 240 billion.
He added that another Rp 50 billion of the bond proceeds will be used for working capital. (*)