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NEWS
PT.Maspion Bond Issuance
11 July 2003
A Rp500 billion bond issuance by PT. Maspion.
PT.Maspion has raised a Rp 500 billion bond, listed and traded on Surabaya Stock Exchange with fixed interest rate of 13.5%p.a
The Maspion Bond I, Year 2003 will expiry on 8 July 2008, and has amortization schedule of Rp 100 billion on 8 July 2006, Rp 150 billion on 8 July 2007, and Rp 250 billion on 8 July 2008. Around Rp 250 billion of the bond is entirely used for refinancing program to lower the effective interest rate, and the rest is for working capital purposes. As of 31 March 2004, all funds have been fully utilized. Net gearing level of the company is around 90-100%. The bond is rated idA with stable outlook by Pefindo (Indonesia Rating Agent, in association with Standard and Poor).
Prior due diligence meeting and Public Expose on this bond offering is launched on 27 May 2003, at Hilton Hotel, Jakarta, Indonesia.
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SAM
Design 
