Jasa Marga Plan Issued Global Bond Worth US $ 200-300 Million
JAKARTA - PT Jasa Marga Tbk (JSMR) has published a corporate plan to issue global bonds before the end of this year. The global bond will be issued in US dollars with a value of around the US $ 200 - US $ 300 Million.
This is presented directly by the Finance Director of PT Jasa Marga Tbk, Donny Arsal. The funds obtained from the global bond are used to cover the needs of infrastructure development funds amounting to Rp 8 trillion to conducted work on 16 toll road projects.
Donny explained as reported by cnnindonesia.com (9/8/2017),"Global bonds are positively responded, if infrastructure needs relying on domestic funds which all come from here, all liquidity can be dry."
So far PT Jasa Marga Tbk has managed to get around Rp 3 trillion from the total funding needs. The rest is expected to be met through a global bond or bank loan.
Donny also explained that PT Jasa Marga Tbk is targeting a fund of Rp 2 trillion through asset securitization under the Asset Backed Securities Collective Investment Contract (KIK-EBA). The Jakarta-Bogor-Ciawi (Jagorawi) toll will be the company's securitized assets. The target funds are tailored to the needs of the company.