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Bali Towerindo will offer bonds with a total value of Rp 800 billion

27 January 2020 11:47

JAKARTA. PT Bali Towerindo Sentra Tbk (BALI) will issue shelf registration bonds with a total value of Rp 800 billion in the first phase of its public offering in 2020. 

The issuance is part of the company's plan to raise Rp 1.6 trillion. In the first phase, the bonds are offered with a tenor of 3 years.

BALI involved PT Indonesia Infrastructure Finance (IIF) to provide a guarantee of 50% of the principal value of the bonds. The total value of the guarantee provided by IIF is Rp400 billion.

Fitch Ratings gives 'A" rating for the bonds offered by BALI. Meanwhile, BALI appointed PT Mandiri Sekuritas, PT Sinar Mas Sekuritas, and PT Trimegah Sekuritas as underwriters. (KR/AR)

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