Indonesia Eximbank targets $218-M bond sale

Capitalizing on low borrowing costs.

This is what Indonesian companies are doing by selling bonds.

Among the latest to go through this route is Indonesia Eximbank, which plans to sell Rp 2.1 trillion or $218 million in bonds later this month.

The Jakarta-based company will sell Rp 1.364 trillion of 6.25 percent bonds and Rp 581 billion of 6.50 percent notes, with about Rp 150 billion more in bonds dependent on demand.

The company will offer the notes to investors on Nov. 21 and Nov. 22, and plans to list on the Indonesia Stock Exchange on Nov. 28.

This is part of its larger plans to sell as much as Rp 10 trillion in bonds from now until September 2013, in order to raise fund to expand its operations.

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