PT PP Tbk set the coupon for the third phase of the 2021 sustainable bonds around 8.50-9.10%.

The brief prospectus published Monday (28/6) explained that the bonds were offered Rp1.5 triliun in two series in phase I, namely series A  with a coupon of 8.25% and a tenor of 3 years, and series B with a coupon of 9.10% and a tenor of 5 years.

This bond is part of PTPP's Sustainable Public Offering  III Sustainable Bonds program with a target fundraised of Rp3 trillion.

In addition, PTPP also issued PTPP's sustainable sukuk mudharabah I bonds amounting to Rp1 trillion. It issued the first phase a maximum of Rp500 billion in two series.

Series A, a 3-year tenor sukuk mudharabah funds of Rp400 billion with an indication of profit-sharing equivalent to 8.50%. And series B, a 5-year tenor sukuk mudharabah with Rp100 billion with an indication of profit-sharing equivalent to 9.10%.

In the context of this public offe