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Krakatau Steel to issue mandatory convertible bonds worth Rp3 trillion 29th December 2020
Documentation - Krakatau steel plant. (ANTARA/Asep Fathulrahman)
The remaining Rp800 billion (will be issued) in 2021. With the addition of Rp2.2 trillion at the end of this year, we hope we to realize the 2021 business plan properly with a sales target of 170 thousand kilo tons per month Jakarta (ANTARA) - State-owned steel manufacturer PT Krakatau Steel Tbk will issue mandatory convertible bonds worth Rp3 trillion as part of efforts for realizing the national economic recovery program.
The mandatory convertible bonds will be issued all at once and disbursed in two tranches. The first tranche of the bonds, valued at Rp2.2 trillion, will be issued in one to two days, Krakatau Steel finance director Tardi said during an online public exposure here on Tuesday.