PT Tower Bersama Infrastructure Tbk (TBIG) plans to issue Phase I V sustainable bonds in 2021 with a principal amount of Rp1.2 trillion.

The company brief prospectus published Friday (16/7), the Phase I bonds are part of the ongoing public offering of the Sustainable Bonds V program with a target of raising funds to reach Rp15 trillion.

In this first stage, the company offers the bonds in two series. Series A with a tenor of 370 days and series B with a tenor of 3 years.

To issue this V sustainable bond, the company has obtained a PT Fitch Ratings Indonesia rating, namely 'AA+.'

Meanwhile, the company has appointed PT CIMB Niaga Sekuritas, DBS Sekuritas Indonesia, PT Indo Premier Sekuritas and PT UOB Kay Hian Sekuritas as underwriter, and the trustee is PT Bank Rakyat Indonesia.

The company will use the proceeds from this bond issuance to be loaned to PT Solu Sindo Kreasi Pratama, the company's business entity. Solu