Indonesia: State-owned construction firm Wijaya Karya seeking to raise $661m via rights issue, bonds

Visual from the company website

PT Wijaya Karya Tbk (WIKA), a state-owned construction firm, is seeking funds of up to Rp9 trillion ($661.76 million) from a combination of a rights issue and bonds issuance in the third quarter of 2016. Part of the fund will be used for capital expenditure financing of at least Rp 6 trillion

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