State railway operator PT Kereta Api Indonesia (KAI) issued bonds worth Rp2 trillion, facilitated by Mandiri Sekuritas, Bahana Sekuritas, BCA Sekuritas, BNI Sekuritas, and Danareksa Sekuritas. The bonds are issued in two series with tenor of 5 years and 7 years, offering annual coupon rates at 7.25% to 8.35%. KAI’s assets reached Rp27.2 trillion per June 2017.
