REPUBLIKA.CO.ID, JAKARTA - State owned toll road operator PT Jasa Marga issued bonds worth 2.1 trillion IDR. This company still believes that stock market is still promising source of funds although market condition still fluctuates.

The bond, Sustainable Public Offering I Phase I Jasa Marga,  has four series. Series A uses benchmark of FR0026, it has one year tenor with yield of 7.39 percent. Series B uses benchmark of FR0055with three year tenor and yield of 7.93 percent. Series C uses benchmark of FR0066, with five year tenor and yield of 8.03 percent. While series D uses benchmark of FR0063 with 10 year tenor and yield of 8.42 percent. Mandiri Securities will act as underwriter.

Jasa Marga will wait until book building is completed before deciding ranges of coupons. the bonds will be offered in book building period on September 2-13, 2013. Offering period will be held in September 25-26. Allotment will be conducted in September 27 and listing of bonds on Indonesia's Stock Exchanges (IDX) will be conducted in October 2. Jasa Marga got idAA from Indonesian credit rating agency, PT Pefindo. 

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