The world's biggest instant noodle firm, PT Indofood Success Maker TDK, has appointed three investment banks to manage its planned one trillion rupiah ($110 million) five-year bond issue, one of the banks said on Monday.
The banks were Trimegah Securities, Banana Securities and Danareksa Securities.
"We plan to register the bond issue to Bapepam this week," Akhabani, a director at Trimegah, told Reuters.
He was referring to Indonesia's capital market watchdog.
He said the company expected to issue the bond, aimed for debt refinancing, sometime next month.
Indofood, 48 percent owned by Hong Kong-listed conglomerate First Pacific Co Ltd, has an installed capacity to produce 13 billion packs of instant noodle a year.
It also owns the world's largest flour miller, PT Bogasari flourmills, and other units engaged in cooking oil, palm plantations, food seasonings, snacks and baby foods.
Shares of Indofood rose 3.85 percent to 675 rupiah on Monday while the broader market gained 0.88 percent.
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