Jakarta - PT Sinar Mas Multiartha Tbk (SMMA) has set the coupon for sustainable bonds II phase III 2022 in the range of 9.75-10.50%.

Based on the company's prospectus issued on Monday (9/19), SMMA issued bonds amounting to Rp1.66 trillion from the bond sale program II, aiming to raise a total of Rp5 trillion funds.

The bonds are offered in two series:  Series A, worth Rp580 billion with a coupon of 9.75% and a tenor of 5 years, and Series B, worth Rp1.08 trillion with a coupon of 10.50% with a tenor of 10 years.

The company plans to use the bond proceeds of around Rp500 billion to be given to the business entity PT Arthamas Solusindo and the rest to the subsidiary PT Shinta Utama.

SMMA has obtained a rating from PT Kredit Rating Indonesia, AA, to issue this bond.

SMMA appointed PT Aldiracita Sekuritas Indonesia as the implementing guarantor of the bond issuance, with PT Bank KB Bukopin Tbk as the trustee.

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