Indonesia's Astra unit sets coupon range for bonds

Newswire

JAKARTA, Jan 23 (Reuters) - Indonesia's PT Astra Sedaya Finance, a unit of car distributor PT Astra International , said on Wednesday it has set the coupon for its 1 trillion rupiah ($106 million) bond at 8.475-10.3 percent. Proceeds from the bonds, which will be offered for sale from February 27-29, will enable Astra Sedaya to increase its car loan portfolio by as much as 30 percent in 2008, a senior executive said. "We are optimistic about achieving our target of 10 trillion rupiah ...

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