Jakarta, 28th January 2015 – In the near future, PT Logindo Samudramakmur Tbk, a company which focus on offshore support service to oil and gas industry, plan to issue Bond amounting to S$ 50,000,000.00 (fifty million Singapore dollar).
President Director of PT Logindo Samudramakmur Tbk, Eddy K. Logam, revealed, 70% of the Bond fund will be used to finance the Company’s capital expenditure and 30% for its working capital.
The Company’s bond issuance will be done in Singapore Exchange Trading Limited and lead by (lead manager), United Overseas Bank Limited, Singapore with Deutsche Bank AG, Singapore acts as a principal paying agent. Indicative interest rate of the bond is 2.93% per annum and the coupon will be paid twice a year.
In the midst of declining oil price condition to a very low level lately, Eddy K. Logam remains optimistic to the Indonesian oil & gas development. “Oil & Gas industry has a long business cycle. It takes more than 5 years, from the exploration, developing & construction until production stage. Especially for Indonesia where by oil production continues to decline while consumption is increasing, it should immediately increases the exploration process to increase the oil reserves replacement ratio massively toward achieving the goal of becoming a self – sufficient state in its domestic energy supply. The conversion from oil to gas should continue to be pursued, and at the same time the new exploration process is expected to find gas reserves besides crude oil”.
Download : Logindo Bond Issuance Programme
About PT Logindo Samudramakmur Tbk.
Since the Company is inception in 1995, PT Logindo Samudramakmur Tbk has a vision to lead the revival of maritime industry by providing the best solution with integrity. Throughout its journey, type and size of the Company’s fleet grew significantly. Today, PT Logindo Samudramakmur Tbk owns and operates a diverse fleet of 60 vessels such as: Anchor Handling Tug Vessel, Anchor Handling Tug and Supply Vessel, Platform Supply Vessel, Diving Support Vessel, Landing Craft Transport, ant others, which will be continuously rejuvenated in sustainable manner.
For more information, please contact: PT Logindo Samudramakmur Tbk. Head Office
Graha Corner Stone
Jl. Rajawali Selatan II No. 1
Jakarta Pusat – 10720
Phone : +62 21 6471 3088
Fax : +62 21 6471 3220
Attention: Corporate Secretary/Investor Relation
Email: corporate@logindo.com
Website : www.logindo.com
