Bond structure:

Issuer

PT. PP Properti Tbk (PPRO)

The target proceeds of Shelf Registretion bond

 Rp 2 trillion

Issuance of the second phase

Rp. 800 billion

Bond rating

 BBB + (idn) from PT. Fitch Ratings Indonesia

Underwriter:

  •  PT. CGS- CIMB Sekuritas Indonesia
  •  PT. Danareksa Securities (Affiliated)
  • PT. Indo Premier Securities
  • PT. Mirae Asset Sekuritas Indonesia
  • PT. Samuel Sekuritas Indonesia
  • PT. Trimegah Securities Indonesia Tbk

Proceeds usage

  • About 44% will be used for the Company's working capital,
  • Approximately 22% will be used to repay part of the investment instalments in the previous year and to replace the Company's cash to purchase land in Java from third parties.
  • About 10% will be used to pay the Company's debt principal (refinancing).

Schedule:

Effective Date

June 28, 2018

Public Offering Period

February 15-19 2019

Allotment Date

February 20, 2019

Electronic Bond Distribution Date

February 22, 2019

Listing Date in Indonesia Stock Exchange

February 25, 2019

PPRO - PT. PP Properti Tbk

Rp 50

0 (0%)