Adhi Karya Offers 7.50%-9.55% Coupons for Bond Sale Plan
PT Adhi Karya Tbk set a coupon for its phase II of sustainable bonds III program in 2021 at 7.50-9.55%.
Referring to the brief prospectus issued on Tuesday (13/7), the company offers the bonds in two series in this second phase, with the principal amount of the bonds is Rp673.5 billion.
Series A worth Rp200 billion with the tenor of 370 days, carrying a coupon of 7.50%. Series B of Rp473.5 billion with a tenor of 3 years carrying a coupon of 9.55%.
This Sustainable Bond III program has a target fund to be raised to reach Rp5 trillion. The company already obtained an A- rating from Pefindo for the ongoing public offering of a sustainable bonds program.
The company plans to use around 60% of proceeds from the issuance of sustainable bonds for capital expenditures and infrastructure investment projects, around 16% for refinancing, and 24% for working capital for infrastructure projects.
The company appointed PT Bahana Sekurit
Penulis : Widya