Indonesian airline Garuda delays up to US$500m Singapore bond issue
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[JAKARTA] Indonesian flag airline PT Garuda Indonesia Tbk has delayed an up to US$500 million bond issue in Singapore until at least April as "the market is a bit quiet", its chief financial officer said on Monday.
"We will look at the development in April," Ari Askhara told Reuters in a text message. The airline is also considering issuing Islamic bonds, he added.
Garuda signed on Monday a cross-currency swap agreement worth a total of 1 trillion rupiah (US$79 million) with PT Bank Negara Indonesia Tbk, PT Bank CIMB Niaga Tbk and Standard Chartered.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
