Semen Gresik plans up to US$500m of bonds by March

Semen Gresik plans up to US$500m of bonds by March
Published: 08 February 2008

PT Semen Gresik plans to issue US$300m to US$500m of bonds in the overseas market by March to help finance construction of cement and power plants, a company official said Friday.  
 
The official also told Dow Jones Newswires that the state-owned cement maker is mulling issuing bonds in the domestic market, but declined to provide details.  
 
Semen Gresik plans to invest a total of $1.3bn until 2010 to build several cement plants. Only US$300m of the total investment will be financed with its own cash.