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8/22/11

Plans to issue bonds, shares of Bakrie & Brothers slipped to 3%?

JAKARTA.Make Money Blog$, Shares of PT Bakrie and Brothers (BNBR) correctedthis morning. At 10:40, shares fell 1.54% recorded BNBR to $64. Earlier, shares of Bakrie & Brothers also briefly fell to 3% to $ 63.

Stock selloff that hit the investment firm is presumably related to the company's corporate actions. For your information, Bakrie & Brothers plans to issue bonds in the fourth quarter of this yearvalued at Rp 1 trillion, equivalent to U.S. $ 117 million. Proceeds from this bond issuance will be used to pay debts.
Source: http://investasi.kontan.co.id

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