PT Bakrie & Brothers Tbk (IDX: BNBR) increase the capital through private placement scheme by issued around 3.3 billion shares with the exercise price Rp 50 per share. The total transaction will reach Rp 165 billion. The company will use these new shares to exchange mandatory convertible bonds (MCB). The new shares will be directly absorbed by one of the creditors BNBR, namely Daley Capital Limited. From a report to the Indonesia Stock Exchange, publication of the new shares will increased the number of shares of BNBR from currently the number of issued and paid up capital reached 93.72 billion shares. Conversions will be made by the issuance of non-ER mechanism as much as 19.8 billion ordinary shares series D. This amount is equivalent to 17.45 percent of issued and fully paid BNBR. The MCB agreement is signed BNBR on June 20 to convert debt into five creditors with a total value of Rp 987.9 billion. The debt conversion is derived from Daley Capital Limited Rp 430.36 billion, Interventures Capital Pte Ltd amounting to Rp 373.75 billion, Smart Treasures Limited amounting to Rp 90.8 billion. The rest will be converted by Must Capital Limited Rp 81 billion and PT Maybank KimEng Securities Rp 11.9 billion.
Menu