PT Surya Semesta Internusa, Tbk (SSIA), through its subsidiary, SSIA International Pte Ltd, plans to issue medium-term notes in various currencies (multi-currency medium-term notes program).
MTN (multi-currency medium-term notes program) will be released gradually to a maximum value of SGD 300 million or larger than the original plan which is worth SGD 200 million were traded on the Singapore stock exchange (SGX).
The emission values from the first series MTN estimated around IDR 658 billion - IDR 1.6 trillion, equivalent to 20-50% of the company's equity as of June 2015 amounted to Rp 3.29 trillion.
Funds from issuance of MTN will be fully used for land acquisition. As of September 2015, the company has acquired land area of 298 ha in Subang, West Java.
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