Launching Komodo Bond PT. Wijaya Karya

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By Indonesian Embassy – London,UKUpdated on MondayTaken at London Stock Exchange.

London Stock Exchange Group today welcomes Wijaya Karya, one of the largest listed state-owned infrastructure and EPC (engineering, procurement and construction) companies in Indonesia, to celebrate the successful issuance of its first Komodo bonds on London Stock Exchange’s International Securities Market (ISM).

Wijaya Karya’s three-year Komodo bonds raised IDR 5.4 trillion (USD 405 million equivalent), with a coupon of 7.7 per cent. The bonds attracted global investor support and were more than two and a half times oversubscribed. The proceeds will be used by Wijaya Karya to support the funding of significant investment and infrastructure projects across Indonesia.

The landmark bond issuance from Wijaya Karya comes less than two months after the first-ever Komodo bonds, also listed on the London Stock Exchange, by state-owned Indonesian toll road operator, Jasa Marga. Wijaya Karya’s Komodo bonds are the largest to date. Together Wijaya Karya and Jasa Marga are paving the way for the opening of the global Komodo bond market to support Indonesian’s infrastructure development.

Nikhil Rathi, CEO, London Stock Exchange Plc welcomes Sri Mulyani Indrawati, Minister of Finance of the Republic of Indonesia, Rini M. Soemarno, Minister of State Owned Enterprises, Republic of Indonesia and Bintang Perbowo, President Director, Wijaya Karya to press the opening bell marking the start of London trading today.