Shares of flag carrier Garuda Indonesia (GIAA) was traded flat at Rp342 on Wednesday (Feb. 10), after gaining 8.5% a previous day with the disbursement of Rp1 trillion fund (first stage) from issuing the convertible bonds to state investment firm PT Sarana Multi Infrastruktur (SMI) with the tenor of three years, as part of implementing the national economic recovery program. Year to date, however, GIAA has fallen 15.3%.
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