JAKARTA - Angkasa Pura Airports plans to issue bonds and bank loans / non bank amounting to 25 trillion IDR in the period 2016 to 2020. "The need that much money to be used for the development of five airports are now already experiencing lack of capacity," said Finance & Information Technology Director of Angkasa Pura Airports Novrihandri, in Jakarta, Thursday (23/6).
Novri said the issuance of bonds and bank loans / non bank is a step taken by Angkasa Pura Airports to meet internal capital in order to finance the development of the five airports, namely Ahmad Yani Airport in Semarang that will operate in 2018, Syamsudin Noor Airport (2019), New Airport Yogyakarta (2020), Juanda Airport Terminal 3 (2020), and Sultan Hasanuddin Airport in Makassar (2020).
"Development of airports are urgently needed because already experiencing lack of capacity. The development of the airport is done to improve the quality of service (customer satisfaction index / CSI), keep pace with the national aviation industry and saw an opportunity that is still quite large in the business of airport," said Novri.
Ahmad Yani Airport development is estimated to require an investment of 2.1 trillion IDR, Syamsudin Noor Airport (2.3 trillion IDR), New Airport Yogyakarta (9.3 trillion IDR), Terminal 3 Juanda Airport in Surabaya (9.1 trillion IDR), and Sultan Hasanuddin Airport in Makassar (3.6 trillion IDR). "One of the urgent need for funds at the moment is to pay compensation for land acquisition for the new airport projects in Kulon Progo Yogyakarta which will be implemented starting in August 2016," added Novri.
Angkasa Pura Airports planned throughout 2016 to 2020 will issue bonds amounting to 14.5 trillion IDRand loans from the investment banking / non-banking of 10.5 trillion IDR. This special 2016, Angkasa Pura Airports needs 7 trillion IDR, which is planned to be obtained from the issuance of bonds amounting to 3 trillion IDR of bank loans / non bank amounting to 4 trillion IDR.
Especially for the bond issuance plan, Angkasa Pura I been given a rating AAA of PEFINDO. That is, the effect of the rating agencies assign a stable outlook on corporate bonds. "Obligor with AAA rating assigned is the highest rating given PEFINDO. The ability of the obligor to meet its long term commitment relative to other obligors in Indonesia is superior. It also indicates that the risk of default is very low so that it can give an idea to potential investors that bonds will be issued Angkasa Pura I has good prospects for investment," said Novri. []
