Kimia Farma Issues MTN’s IDR1Trn

PT Kimia Farma, Tbk (KAEF IJ) is issuing medium term notes (MTN) worth IDR1trn, which has permitted from the Ministry of SOEs (State Own Enterprise). MTN’s coupon at level 8.1%, and AA- rating received by PT Pemeringkat Efek Indonesia (Pefindo). For the record, the company will used the proceed to fund its expansion as well as to refinance high-interest debt.

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