State-run toll road developer PT Jasa Marga Tbk aims to issue bonds worth Rp 2.1 trillion in September 2013. The proposed bond sale is part of the bonds worth Rp 6 trillion which the company plans to issue until 2015. PT Mandiri Sekuritas has been hired as the underwriter for the planned issue. Out of the total revenue collected from the bond issuance, Rp 1.7 trillion will be utilised to refinance the loans due in October 2013, while the remaining proceeds will be employed in the ongoing construction activities of the company.
