HRTA to Issue Bonds worth Rp 1 Trillion

By Editorial Team 02/10/2019
Summary

PT Hartadinata Abadi Tbk’s extraordinary general meeting of shareholders (RUPSLB) on Monday (9/30) approved the plan to issue bonds worth Rp 1 trillion. The debt securities will be released in two stages: the first stage in December 2019 eyeing maximum funds of Rp 600 billion and the second stage in June 2020 with a target of Rp 400 billion.

According to the plan, HRTA stock-coded gold jewelry producer will use some of the bond proceeds for working capital and subsidiary development. At present, HRTA has four factories as well as a wholesale network and gold shop, in addition to a pawn business through its subsidiary, PT Gadai Cahaya Dana Abadi, in which the bond proceeds will be injected into.

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