Capital expenditure is expected to reach $441m in 2014, with bank loans and cash flow to provide the outstanding balance.<\/p>\n
According to finance director Wahyu Suparyono, half of the amount to be raised would be in dollars, which will be offered first. The entire issue should be concluded within two months.<\/p>\n
Road shows will take place in several Asian countries, since Pelindo III is particularly keen to attract foreign investors, offering maturity periods from six to seven years.<\/p>\n
Hai Phong, Vietnam’s largest northern port, is also planning an IPO for May. The port has been valued at $205.7m, which is 201% of its book value. The state has a stake in the port worth an estimated $155.6m.<\/p>\n
The plan to partially float the port is due to be approved by mid-April, followed by an IPO a month later and strategic partners to then be invited on board within six weeks after that. Going forward, the port will henceforth be operated under a joint stock cooperation model.<\/p>\n
In total, the state is to put 25% of its holding in the port up for sale.<\/p>\n
The prime minister is planning similar flotations at three other ports: Sai Gon, Quang Ninh, and Da Nang.<\/p>\n","protected":false},"excerpt":{"rendered":"
Indonesian port operator Pelindo III, which is responsible for facilities in the central and eastern parts of Indonesia, is to issue $400m in bonds this year in both US dollar and rupiah denominations. This will be used to finance the company\u2019s port expansion projects.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69],"tags":[],"sponsor":[],"class_list":["post-9047","post","type-post","status-publish","format-standard","hentry","category-asia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/9047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=9047"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/9047\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=9047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=9047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=9047"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=9047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}