Indonesia: Pan Brothers' $200m notes; Toba Bara & Sentra Budidaya deals

Indonesia: Pan Brothers' $200m notes; Toba Bara & Sentra Budidaya deals

Indonesia-based textile and garment exporter Pan Brothers is planning to issue a Rp 2.6 trillion ($200 million) bonds

Indonesian textile and garment maker Pan Brothers, through its Netherlands-based unit PB International BV, has raised $200 million from a bond issuance. Coal producer Toba Sejahtera has completed the sale of publicly-listed Toba Bara Sejahtera to Highland Strategic Pte Ltd while Sekar Bumi has acquired 90 per cent shares of Sentra Budidaya Biotek.

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