PT Pembangunan Jaya Ancol Tbk (PJAA) offers coupons for its Rp731 billion bond sale plan in the range of 7.25% - 9.60%.

A brief prospectus published on Monday (25/1) states that the PJAA's Rp731 billion bond sale plan is the second phase II sustainable bonds in 2021, part of the bigger bond sale program of Rp1 trillion.

The company offers the bonds sale plan in 
three series, namely A series, a-370 days tenor bonds worth Rp 616 billion carrying a 7.25% coupon. B series, a 3-year tenor bonds worth Rp149 billion with a coupon of 8.90% and C series, a 5-year tenor bonds of Rp65.4 billion with a 9. 60% coupon.

According to the plan to issue bonds, the company has obtained a rating from Pefindo, namely "A." The company has appointed Mandiri Sekuritas and Indo Premier Sekuritas as underwriters, while the trustee is Bank Permata.

The company will use proceeds from the sale of bonds to pay off bonds maturing in 2021, around 55%, 29% for repayment of part of the debt at Bank DKI Tbk, and 16% for equity participation in a subsidiary, namely PT Taman Impian Jaya Ancol (TIJA).

The public offering period will start on 4-5 February 2021, the allotment on 8 February 2021, and will list on the IDX on 11 February 2021.