PT Duta Anggada Realty Tbk (DUTA) plans to issue sustainable bonds II phase II in 2021 with a principal amount of Rp92 billion.

The company's publication submitted to KSEI on Friday (23/7)showed, this bond has a coupon of around 11.5% and a tenor of 370 days or will mature on August 16, 2022.

Meanwhile, the implementation schedule is that the public offering period will take place on August 2-3, 2021, allotment on August 4, 2021, electronic distribution of bonds on August 6, 2021, and listing on the IDX on August 9, 2021.

The company entrusts the implementing underwriter of the bond issuance to PT Shinhan Sekuritas Indonesia.

This phase II continuous bond is part of the bond sale program targeting to raise Rp300 billion fund.