Jakarta - PT Tower Bersama Infrastructure Tbk (TBIG) plans to issue sustainable bonds V phase V 2022 worth Rp1 trillion.

According to the company's prospectus, released on Friday (10/7), the bonds have a coupon of 5.25% per year and a term of 370 days.

This fifth phase of bonds is part of the Sustainable Bonds V program with a target of obtaining funds totaling Rp15 trillion.

The company will use the proceeds from the bonds of around US$20 million to pay the entire loan principal, which is the financial obligation of PT Tower Bersama, and the remaining US$45.5 million to pay part of the principal of the loan, which is the financial obligation of PT Solu Sindo Kreasi Pratama.

The company has obtained a rating from Fitch Ratings Indonesia, AA+ to issue this bond.

The company has appointed underwriters to Indopremier Sekuritas, CIMB Niaga Sekuritas, DBS Vickers Sekuritas Indonesia, Trimegah Sekuritas, and Aldiracita Sekuritas Indone