Indonesia's port operator Pelindo II postpones bond issue

Indonesian state-owned port operator Pelindo II has postponed a projected bond issue worth between $117m and $234m, citing a lack of major funding needs at the present time, Port Strategy reports.
In part, the operator is understood to be watching the results of the tender process for the development of Tanjung Priok port.
The issue is expected to go ahead next year when the full cost of the tender will be known.