PT Bakrie Sumatra Plantations (UNSP) Tbk has extended the maturity of a US$100 million secured equity-linked redeemable Notes from 2013 to 2017.
Bakrie Sumatra told the Capital Market Supervisory Agency (Bapepam) last week that other terms and conditions of the Notes remain the same. The Notes carries interest rate of 8% per annum.
The stock, UNSP, is unchanged at Rp350 this morning. The stock has lost 10.3% its value year-to-date. Other plantation stocks are mixed in the region, with BW Plantation and PP London Sumatra dropped 2.42% and 2.12% respectively in Jakarta, while Astra Agro Lestari's gain cut to 0.22%.
UNSP produces rubber and crude palm oil (CPO).
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