JAKARTA. PT J Resources Asia Tbk (PSAB) will issue Shelf Registration Bonds I phase IV/2020 with a maximum value of Rp 300 billion to meet its working capital needs.
In the prospectus issued by PSAB, the total principal to be guaranteed was Rp 150 billion, with a 3-year tenor and a fixed interest of 10.25% per annum. Meanwhile, the remaining Rp150 billion will be guaranteed with the best effort.
PSAB appointed PT Trimegah Sekuritas Indonesia Tbk (TRIM) as the guarantor. Meanwhile, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) was appointed as trustee.
The bonds will be offered on 29-30 April 2020. The Indonesian Securities Rating Agency (Pefindo) gives “idA” rating for the bond. (KR/AR)