Jakarta - PT Sinar Mas Multiartha Tbk Will issue sustainable bonds II phase III 2022 worth Rp1.660 trillion.

The company's brief prospectus released on Thursday (9/29) stated that the Phase III bonds are offered in two series. Series A is worth Rp580 billion with a coupon of 9.75% and a tenor of 5 years, and Series B is worth Rp1.080 trillion with a coupon of 10.50% and a tenor of 10 years.

The size of bonds in phase III is part of the sustainable bonds program with a target of Rp5 trillion in funds.

To issue this bond, the company has obtained a rating from PT Kredit Rating Indonesia, 'AA'.

The company entrusts the implementing underwriters and underwriters to Aldiracita Sekuritas Indonesia. The trustee is Bank KB Bukopin.

The company plans to use the proceeds from the issuance of bonds of around Rp500 billion as loans to subsidiaries. It will use the rest to be channeled to other subsidiaries.

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