Indonesian construction firm Hutama Karya plans $412m bond issue

Indonesian construction firm Hutama Karya plans $412m bond issue

State-owned Indonesian construction firm PT Hutama Karya plans a 5.5 trillion rupiah ($412 million) bond issue in April, aiming to tap into funds being repatriated under the country’s tax amnesty programme, the finance ministry said on Monday.

The government will guarantee the bonds and the finance ministry said investors buying them would help support government efforts to accelerate infrastructure development in Indonesia.

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