Angkasa Pura II Looking to Issue IDR1–2Trn Bond in 2016

After postponing the bond issuance this year, PT Angkasa Pura II plans to release IDR1–2Trn bond in March or April 2016. The company will be using 2015’s financing statement for bond issuance purposes. In the next two years, Angkasa Pura II will need IDR8–10Trn capital to develop some airport infrastructure such as i) improvement of terminal 1 and terminal 2 Soekarno-Hatta; ii) investment in property; iii) and cargo improvement. The company has raised c.IDR4Trn while the remaining will be funded from bond sale and bank loan.

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