BSDE - PT. Bumi Serpong Damai Tbk

Rp 895

-5 (-0,56%)

JAKARTA - Global Prime Capital Pte Ltd (GPC), a subsidiary of PT Bumi Serpong Damai Tbk (BSDE) based in Singapore, will issue Senior Notes with a total value of US$ 300 million. BSDE and the initial purchasers had signed an agreement on 20 January 2020.

As quoted from the company's disclosure, the interest rate of the Senior Notes is 5.95% per annum, and they will mature in 2025. The senior notes are guaranteed by the company and its subsidiaries. The initial purchasers are Citigroup Global Markets Singapore Pte Ltd, Credit Suisse, Singapore, UBS AG Singapore Branch, and Mandiri Securities Pte Ltd.

The funds raised from the issuance will be used by Global Prime Treasury Pte Ltd and distributed as a loan to BSDE. The funds will be used to pay off some of the company's debts. (LK/AR)