Often companies issue (new) bonds to settle debt that is to mature soon. This strategy is called (debt) refinancing. This is particularly attractive for a company when the country's interest rate environment - set by the central bank - is easing. Sumber Alfaria Trijaya, listed on the Indonesia Stock Exchange, is one of the companies that uses this tactic. Over the next couple of years the company plans to issue IDR 3 trillion (approx. USD $226 million) worth of bonds, divided in two series, to refinance its existing bonds.
Update COVID-19 in Indonesia: 4,248,165 confirmed infections, 143,545 deaths (06 November 2021)
6 November 2021 (closed)
Jakarta Composite Index (6,581.79) -4.66 -0.07%
USD/IDR (14,146) -6.00 -0.04%
EUR/IDR (17,335) +57.05 +0.33%