Tower Bersama unit to issue Notes worth US$500 million
JAKARTA (TheInsiderStories) – PT Tower Bersama Infrastructure Tbk said its wholly owned subsidiary TBG Global Pte Ltd will issue Notes with maximum value of US$500 million will be used for insvement.
In a published statement, Tower Bersama said the proceeds of the notes will be used to invest and inject capital in Tower Bersama Singapore Pte Ltd, which is 100 percent owned by Tower Bersama Infrastructure. In return, Tower Bersama Singapore will lend the funds to PT Tower Bersama Infrastructure.
It said the Notes will be issued to limited investors, which will be registered in the Singapore Stock Exchange. The issuance of the Notes is pending on the approval of the company’s shareholders at the company’s Annual General Meeting of Shareholders (AGMS) on May 11, 2016. (*)
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Source: The Insiderstories