State toll road operator Jasa Marga (JSMR) will soon issue project bond worth Rp1.5 trillion with tenor of 3-12 years, issued in 4-5 series. The said project bond is the replacement debt recycling program over syndicated bank loan provided to JMSR’s subsidiary, PT Marga Lingkar Jakarta (MLJ), operator of outer ring Jakarta toll road (W2) (7.87 km length). JSMR also plans to issue rupiah global bond (Komodo bond) worth US$200 million.
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