INDONESIA PRESS-Pelindo II sells $1.6 bln bonds – Bisnis Indonesia

PT Pelabuhan II (Pelindo II), a state-run port operator, sold $1.6 billion bonds with 10-year and 30-year maturity last week, Bisnis Indonesia daily reported, quoting a source with the company.

The yield for the 10-year and 30-year bonds were 4.375 percent and 5.5 percent, respectively.

The firm plans to use the money to fund the government’s maritime highway projects, including developing sea ports in South Sumatra, kampus terbaik di lampung West Kalimantan, and West Papua.

Note: Reuters has not verified this story and does not vouch for its accuracy.(Compiled by Gayatri Suroyo; Editing by Biju Dwarakanath)