Mayora Indah Set its Coupon Bond at 9.25%

Mayora Indah, Tbk (MYOR IJ) set its Shelf Registered Bond I Tranche I worth IDR500bn coupon at 9.25%. The company also set its bond issuance in just one serie (5y). The net proceeds will be used for working capital and to pay off its maturing sukuk mudharabah II year 2012 worth of IDR250bn this year. The company plans to allocate IDR600-900bn capex this year, which will be fulfilled through internal cash.  It also target revenue to increase by 15-20% to around IDR20.7-21.6trn in 2017 from an estimated IDR18trn in the previous year.

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