Alam Sutera Declines in Jakarta After Report on Bond Sale Delay

PT Alam Sutera Realty fell in Jakarta trading after Bisnis Indonesia reported the property developer may postpone plans to issue about 1.1 trillion rupiah ($122 million) of dollar bonds this year because of market conditions.

Alam Sutera lost 5.2 percent to 365 rupiah as of 11:28 a.m. local time, set for its steepest drop since Sept. 22. President Director Tri Ramadi couldn’t be reached when called at his office in Jakarta to confirm the report.

To contact the editor responsible for this story: Berni Moestafa at bmoestafa@bloomberg.net

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