PT Barito Pacific Tbk (BRPT) will issue bonds worth Rp750 billion.

The bond issuance is part of the BRPT II continuous bond offering program worth totaling Rp 1.5 trillion. For phase I of the program, in 2021, the company will issue Rp750 billion bonds.

A brief prospectus released on Monday (31/5) showed BRPT would issue the bonds in two series: Series A with a tenor of 3 years and series B with a tenor of 5 years.

However, BRPT has not yet determined the issuance value in each series of bonds, including the interest rate.

The offering period for the BRPT bonds worth Rp750 billion will be on June 2-June 16, 2021. While, the estimated effective date is June 29, 2021.

Then, the estimated public offering period is July 1-July 5, 2021. The estimated allotment date is July 6, 2021, the estimated date of listing on the Indonesia Stock Exchange on July 9, 2021.

In the prospectus, BRPT stated that it would use the proceeds from iss