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The Proceeds of Kereta Api Indonesia’s Bond

By administrator | October 21, 2017 | Infrastructure Transportation.
Kereta Api Indonesia

Illustration: Kereta Api Indonesia

The Proceeds of Kereta Api Indonesia’s Bond. Kereta Api Indonesia will issue its first bond worth IDR2trn on Thursday, October 19, 2017. As well as, the proceed will be use for the completion of the Soekarno-Hatta Airport Railway project and procurement of trains.

In fact, company more intend for infrastructure financing, such as rail and station. In addition, series of trains are already manage Railink as a subsidiary of Kereta Api Indonesia. Moreover, after deducting the cost of issuance, around 55% of the Bond I Kereta Api Indonesia Year 2017, will be use to financing the Soekarno-Hatta Airport Railway project.

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Furthermore, company is need additional funds since land acquisition is not on the schedule, and escalation a number of construction. Last, the remaining 45% of proceed will be use for train procurement project, especially passenger trains. Finally, according to the schedule, Bond I Kereta Api Indonesia Year 2017, generally will be offering between 14 – 16 November 2017. More, Kereta Api Indonesia bond will be list on Indonesia Stock Exchange (IDX) on November 22, 2017.

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