INILAH.COM, Jakarta - PT Jaya Agra Wattie Tbk (JAWA) postponed the issuance of bonds in 2012. The company will likely issue bonds in the first semester of 2013.

This was conveyed by the Finance Director of PT Jaya Agra Wattie Tbk Bambang Ibrahim, when contacted by INILAH.COM, this week. "The rating process has been delayed and has not been completed so the plan to issue bonds has also been postponed to 2013," said Bambang,

According to Bambang, the rating process has not been completed because it requires a lot of data so it takes time. The company's bond issuance will be carried out in the first semester of 2013. The funds from the bond issuance will be used for business expansion next year.

Previously, the announcement of the bond issuance was made in April 2012. The company's total bond issuance is reported to have reached Rp500 billion. In stock trading on Friday (14/12/2012), JAWA shares fell 1.28% to Rp385 per share.

Read more