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Report: Tokyo Century to issue 200B rupiah of bonds

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Report: Tokyo Century to issue 200B rupiah of bonds

Tokyo Century Corp. plans to issue 200 billion Indonesian rupiah of three-year bonds, The Nikkei reported Dec. 15.

The move will mark the company's first issuance of rupiah-denominated bonds. The offering aims to meet cash demand in Indonesia, where the leasing company has been expanding its business.

As of Dec. 14, US$1 was equivalent to 13,286.00 Indonesian rupiah.