PT Angkasa Pura II (AP II), Indonesian airport operator, offered two series Rupiah bond as much as Rp750 billion (US$50.68 million). The funds from these bonds will be used for business development. The bonds are divided into Series A with term of three years and indicative coupon rate of 8.50-9% per year. Then, Series B has a period of five years with indicative coupon rate of 8.75-9.25% per annum.
The proceeds from the bond offer will be used for the construction and development of runways, taxiways, aprons and other supporting facilities. In addition, it is also used for the construction and development of terminal buildings, parking buildings, accessibility, and other supporting facilities for managed airports.