PT Hutama Karya has issued a global medium term notes US$600 million with tenure 10 years and a coupon rated of 3.75 percent, said the toll road operator on Tuesday (5/5). The amount lowers than the initial target US$1.5 billion. Earlier, the company was pinned investment grade rating from Moody’s Rating and Fitch. CEO of Hutama, Bintang Perbowo stated, the proceeds from these global bonds will be used to completing the Trans Sumatra toll road for Binjai – Langsa, Bukit Tinggi – Padang, Pekanbaru – Bukit Tinggi, Indralaya-Muara Enim, Lubuk Linggau- Bengkulu, and Sigli-Banda Aceh sections. The toll road mega project have total length more than 2,769 kilometers. He stated, “The development of the construction industry has a strategic role as a driver of the national economic growth.”
