Jakarta - PT Sejahteraraya Anugrahjaya Tbk (SRAJ) plans to issue bonds I 2022 worth Rp950 billion.

Based on the company's prospectus released on Wednesday (8/31), it offers the bonds in two series: Series A has a tenor of 3 years, and Series B has a tenor of 5 years.

The company has obtained a rating from Pefindo, "A", to issue this bond.

The company entrusts Mandiri Sekuritas and BRI Danareksa Sekuritas Indonesia to be the underwriters for the bond issuance. The trustee is Bank Mandiri.

The company plans to use 20% of the proceeds from the bond issuance for working capital, with around 55% for loans to subsidiary PT Nusa Sejahtera Kharisma, about 10% for loans to subsidiary Nirmala Kencana Mas, and 15% for loans to subsidiary PT Sejahtera Solusi Abadi.

Meanwhile, indications of the implementation schedule are that the initial offering period will take place on August, 31-September 14, 2022, the estimated effective date