Moratelindo will issue sukuk with a total value of Rp264.1 billion

22 September 2020 13:16

JAKARTA. PT Mora Telematics Indonesia (Moratelindo) has issued sukuk with a total value of Rp264.1 billion, through its Shelf Registration Sukuk I phase III/2020 program.

Moratelindo's management explained that the net proceeds from the issuance of the sukuk will be used for debt refinancing and investment.

For the issuance of the sukuk, Moratelindo appointed PT BNI Sekuritas and PT Sucor Sekuritas as underwriters. Meanwhile, PT Bank Bukopin Tbk (BBKP) was appointed as the trustee.

The sukuk offered by Moratelindo has been rated “idA (sy) by Pemeringkat Efek Indonesia (Pefindo).

Moratelindo will start offering the sukuk on 1 October 2020, then distributed them electronically on 7 October 2020. The sukuk will be listed on the Indonesia Stock Exchange on 8 October 2020. (KR/AR)

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