Saratoga’s USD100Mn of Investment Capex

Saratoga Investama Sedaya, Tbk (SRTG:IJ) has allocated USD50Mn-USD100Mn of capital expenditure (capex) for investments, amidst the company is still reviewing 100 investments opportunity. Saratoga indicates that the company targets consumer goods companies that considered to have sustainable prospects. Currently, infrastructure and natural resources dominated the company’s portfolio investments, contributing at 40% and 48%, respectively, from the company’s total investments in FY17. Furthermore, the company plans to develop Awal Bros Hospital through adding 10 units of new hospitals in the next three years from existing six hospitals.

TBIG’s Rating Downgraded to Ba3 Whilst Parent Rating SRTG Lowered to BBB+

Tower Bersama Issue Bond Worth IDR700Bn

Tower Bersama Infrastructure Prices 5y Bond of IDR230Bn at 9.25%