State fertilizer firm PT Pupuk Indonesia plans to issue bonds worth Rp2 trillion after the general election in April. The bond proceeds will be used to refinancing bond debts issued by its subsidiaries; PT Pupuk Iskandar Muda (PIM) and PI—Energi. PT Pupuk Indonesia has cash flow of Rp2.5 trillion, used to pay matured bond of Rp1.13 trillion in July 8, 2019. The Company also allocates capital expenditure (capex) of Rp2.4 trillion for this year.
