Indonesia's PT Krakatau considers $400 million bond offering

By Paul A. Harris

St. Louis, Aug. 19 - PT Krakatau is considering a $400 million bond offering, according to a market source.

The offering will likely be completed before the end of the year, the source said.

The tenor and structure of the bond and the underwriting syndicate are yet to be determined, the source added.

Proceeds will be used to fund the expansion of the company's steel business.

PT Krakatau is a Jakarta, Indonesia-based steel manufacturer.

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