## OPPM issues bonds and sukuk

JAKARTA - PT Oki Pulp & Paper Mills (OPPM) is eyeing fresh funds through the issuance of Shelf Registration Bonds, Sukuk, Currency Bonds (US$), and Environmentally Friendly Bonds. A number of these debt securities were offered on Friday (8/12) and listed on the Indonesia Stock Exchange (BEI) on (13/12).

In the information disclosure quoted, the Phase II 2023 Shelf Registration Bonds is amounting to IDR 3 trillion. Of that amount, IDR 610.62 billion will be guaranteed by full commitment consisting of three series. Series A is offered IDR 80.68 billion with 7% interest per year for 370 days, Series B is offered IDR 431.50 billion with 10.50% interest for three years, and Series C is offered IDR 98 billion. The remaining bond principal amounting to IDR 2.38 trillion will be guaranteed as best effort, if the remainder is not sold, it will not be the company's obligation to issue the bonds.

For Shelf Registration Sukuk Mudharabah I Phase II 2023, a maximum of IDR 500 billion is issued which is guaranteed by full commitment in three series. Series A is offered at IDR 91.41 billion with sukuk profit sharing calculated based on the multiplication of a ratio of 4.65% with an indication of equivalent profit sharing of 7% per year for 370 days, Series B is offered at IDR 280.90 billion with sukuk profit sharing which is calculated based on the multiplication of the ratio of 6.98% with the indicated profit sharing equivalent of 10.50% per year for three years, and Series C is offered at IDR 127.68 billion with the sukuk profit sharing calculated based on the multiplication of the ratio of 7.31% with the indicated profit sharing equivalent to 11% per year for five years.

The maximum offering of Shelf Registration USD Bonds Phase II 2023 is US$ 25 million. The total number of bonds offered is US$ 2.12 million which is guaranteed by full commitment in three series. Series A is offered at USD 60,000 with interest of 5.75% per year for 370 per year, Series B is offered at US$ 1.02 million with interest of 7% per year for three years, and Series C is offered at US$ 1.04 million with interest 8% per year for five years.

In addition, OPPM is offering Environmentally Friendly Bonds worth IDR 500 billion. Of that amount, IDR 46.71 billion is guaranteed by full commitment in three series. Series A is offered at IDR 40 billion with 7% interest with a term of 370 days, Series B at IDR 44.31 billion with interest at 10.50% per year for three years, and Series C at IDR 2.36 billion at 11% interest per year. for five years. The remaining principal of the Environmentally Friendly Bonds of IDR 453.28 billion will be guaranteed on a best effort basis. (LK/LM)