According to reports, toll road operator PT Citra Marga Nusaphala Persada (CMNP) is planning to issue bonds and a subordinated sukuk worth up to Rp 2.5 trillion. The funds will be procured in tranches, the first of which is expected to be disbursed in April 2014. CMNP will utilise the proceeds from the issue to finance its expansion on toll roads. The firm has appointed Ciptadana Securities, Indo Premier Securities, Trimegah Securities, and Sucor invest Central Gani as underwriters for the planned transactions.
