Dankos to float $25 million in local bonds

PT Dankos Laboratories, an Indonesian-based pharmaceutical company, said it will float bonds early next month valued at Rp200 billion ($25 million).

PT Dankos Laboratories, an Indonesian-based pharmaceutical company, said it will float bonds early next month valued at Rp200 billion $25 million.

The bonds, to be listed on the Surabaya Stock Exchange and rated A minus by the rating company PT Pemeringkat Efek Indonesia, are for five years, with PT Trimegah Securities as the underwriter.

Dankos president Apik Ibrahim said 85% of the bond fund would be used to repay a foreign debt of US$21 million, which would...

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