JAKARTA (TheInsiderStories) - State financial firm, PT Pegadaian plans to releases two series of local and sharia bond as much as Rp4.04 trillion (US$280.56 million) in April to support the expansion program, said the management on Tuesday (03/16). The CEO, Kuswiyoto, said of the pawnshop company have various business expansion plans such as Pawn Care with zero percent interest and carry out the digital transformation.
In detailed, the Series A has a principal amount of Rp2.17 trillion with an interest rate of 4.85 percent and 370 days of tenure. Then, Series B has total amount of Rp1.1 trillion with tenure three years and coupon rate 6.2 percent. While, the Series A of sharia bond have values of Rp599.2 billion and Series B worth of Rp165.8 million with floating profit sharing and tenures 370 days to three years, respectively.
Pegadaian set the public offering period o on March 29 - 31, the allotment period on April 1, and listing on the Indonesia Stock Exchange on April 7. Acted as joint-lead underwrites are PT BNI Sekuritas, PT BRI Danareksa Sekuritas, PT Mandiri Sekuritas, and PT Indo Premier Sekuritas.
Recently, the government announced to merged the company with PT Bank Rakyat Indonesia Tbk (IDX: BBRI) and PT Perusahaan Nasional Madani (PNM). The country plans to set up ultra micro holding company (Holding UMi) lead by the state lender. Finance minister, Sri Mulyani Indrawati, explained the formation of this holding by transferring all Series B shares of PNM and Pegadaian to the largest small and medium enterprises bank in the country, to maintain the government ownerships stayed at 56.75 percent.
The handling over and payment was carried out in accordance with the Government Regulation Number 72 of 2016 concerning Procedures for State Capital Participation in State Own Enterprises (SOEs). She explained, the reasoned to form Holding UMi to serve more wider the ultra-micro segment.
Since the beginning of this year, SOEs minister, Eric Thohir, has announced to create a number of clusters to streamline the number of the companies under his ministry. The reason, from 142 SOEs, only 15 companies contributed to the government revenues. He said, the ministry wants to cut the number of SOEs, their subsidiaries and affiliates, which is estimated around 800 companies.
To implement the plans, now, the ministry prepared five blueprints to balance the economic and social values can be well exposed. Throughout 2020, Pegadaian has launched Digital Pegadaian application and used by 2.1 million customers with 3.4 million transactions amounted to Rp5.1 trillion.
US$1: Rp14,400
Written by Editorial Staff, Email: theinsiderstories@gmail.com
