12
Jul
11:01
Spindo issues bonds for raw material purchases
Indonesian steel pipe producer PT Steel Pipe Industry of Indonesia Tbk (Spindo or ISSP) will publicly issue bonds and sukuk (Islamic finance instrument) worth IDR 300 billion ($200 million) on 21-22 July.
This comprises IDR 150 billion of bonds and IDR 150 billion of sukuk, at an interest rate of 7.5-9.5% for the bonds. Spindo will pay back the interests rates every quarter.
The company's management explains that the bonds and sukuk will a…
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