JAKARTA. PT Bali Towerindo Sentra Tbk (BALI) offers bonds with a principal value of Rp 554 billion, a fixed interest rate of 10.25% per annum, and a tenor of 3 years.
The bonds are part of the Bali Tower's Shelf Registration Bonds I program, with a target of obtaining Rp 1.6 trillion. The bonds were rated 'A' by Fitch Ratings in January 2020.
In the prospectus released by BALI, funds obtained from the bonds will be used for debt and medium-term notes (MTN) repayment, as well for investment.
The bonds will be offered from 18 to 19 June 2020. BALI appointed PT Mandiri Sekuritas, PT Sinarmas Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk (TRIM) as underwriters. (KR/AR)