Jakarta - PT Sinar Mas Multiartha Tbk (SMMA) has set a coupon for continuous bonds II phase VI 2022 of 10.50% and a tenor of 10 years.

Based on the company's prospectus published on Tuesday (11/29), SMMA issued bonds of Rp784,719 of the continoues bond II fund target of Rp5 trillion.

SMMA plans to use the proceeds from the bonds of around Rp500 billion to be given to the business entity PT Digital Solusi Nusantara and the rest to its subsidiary PT Arthamas Informatika.

SMMA has obtained a rating from PT Credit Rating Indonesia, AA in issuing these bonds.

Aldiracita Sekuritas Indonesia is entrusted with acting as guarantor for the issuance of bonds, with Bank KB Bukopin as the trustee.

Meanwhile, the implementation schedule is the effective date of August 27, 2021, the public offering of the bonds will take place December 8-9, 2022, and the listing of the bonds on the IDX will be December 14, 2022.