State toll road operator Jasa Marga (JSMR) aims to raise Rp2 trillion from issuing bonds. It plans to use the proceeds to pay debts. This year, the operator has Rp5 trillion of maturing debts. The operator is in talks with local banks to extend expiring facilities and obtain more committed liquidity facilities. In addition, the Company is assessing initiatives aimed at reducing its cost base and optimizing its investment spending to support its liquidity profile further.
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