JAKARTA (TheInsiderStories) – Indonesia’ State firm, PT Sarana Multi Infrastruktur offered bonds and SUKUK to investors with total amount Rp5.09 trillion (US$355.94 million) in this month, the company announced on Wednesday (08/07).
The offering consists of bond of Rp4.09 trillion and SUKUK Rp1 trillion. The issuances are part of the financial companI program to get fresh funding worth of Rp25 trillion.
The bonds have is fours series. Series A values Rp463 billion with coupon rate 7 percent and tenure 370 days period. Series B’ tenure until July 5, 2022 and has couoon rate 9.5 percent with indicative value Rp 1.3 trillion.
Series C worth of Rp1.03 trillion with coupon rate 8.1 percent and tenure 5 years. Lastly, series D which will be matured in 2026 has coupon rate 8.5 percent and value of Rp1.29 trillion.
SUKUK also released in four series. Series A and B have ratio 8.49 percent and 9.33 percent with value Rp423 billion and Rp417 billion, respectively. While, series C and D’ ratio 1.95 percent and 1.85 percent with value Rp84 billion and Rp76 billion.
The infrastructure financing company plans to offer bonds electronically on August 28 and have a target to list the bond and SUKUK at Indonesia Stock Exchange on August 29.
SMI has appointed PT Bank Central Asia Sekuritas, PT CGS-CIMB Sekuritas Indonesia, PT Danareksa Sekuritas, PT Indo Premier Sekuritas, PT Mandiri Sekuritas, PT Trimegah Sekuritas Indoensia Tbk as underwriter.
This year, the company aimed to seeks funds $5.7 bilion to help the infrastructure, sanitation and education development projects. Beside coming from loans with targeting amount of Rp15 trillion, SMI will issue global bonds in the final quarter of this year.
With these funds, SMI will continue the construction of toll projects in Sumatra, Kalimantan and Papua.
“For the Java region there are already many toll roads that are closed, so we will focus on toll road development in these three regions,” the company said.
For sanitation and education projects, Sarana Multi Infrastruktur would continue to work with the central and regional government to accelerate and absorb the funds.
“In the education sector, we will work together with the Ministry of Research, Technology and Higher Education by presenting not only domestic education practitioners, but also from abroad, so that knowledge transfer can occur more effectively,” said the firm.
Written by Staff Editor, Email:theinsiderstories@gmail.