INDOFOOD TO ISSUE BONDS WORTH RP1 TRILLION

Jakarta, May 1, (ANTARA) - Publicly listed PT Indofood Sukses Makmur (INDF) will issue Indofood V bonds worth Rp1 trillion next month, an INDF promotional leaflet said here on Friday.

The bonds will be floated in the capital market on June 11-15, 2009, after it secured an effective statement on June 8, 2009. It will be registered in the Indonesian Stocks Exchange (BEI) on June 19, 2009.

The Indofood V bonds will carry a five-year period and a fixed interest payable in every quarter of the year.

According to the leaflet, the Indofood bonds have been awarded an AA rating from the rating company Pefindo.

The company has assigned 5 issuance underwriters, namely PT DBS Vickers, Securitas Indonesia, PT Danareksa Securitas, PT ING Seucrities Indonesia, PT Kim Eng Securities and PT OSK Nusadana Securities Indonesia.

Publicly listed PT Bank Mega was appointed board of trustees for the issuance of the bonds.

Indofood will use about 98.6 percent or Rp976 billion of the funds it earned from the issuance of the bonds to refund its Bond III obligations issued in 2004 which will mature on July 13, 2009.

The remaining one will be used to increase the company's working capital, it said.