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Merdeka Copper Gold will issue bonds with a total value of Rp 1.4 trillion

27 July 2020 11:45

JAKARTA. Starting today, PT Merdeka Copper Gold Tbk (MDKA), will offer its Shelf Registration Bonds I phase I /2020 with a total value of Rp 1.4 trillion. The proceeds from the bond offering will be used to pay a portion of its US$ 100 million debt.

The bonds will only be offered for 2 days (27 and 28 July 2020), consisting of two Series. Series A has a total value of Rp 673.5 billion, with an interest rate of 8.9% and a tenor of 367 days. Meanwhile, Series B has a principal value of Rp 726.35 billion, an interest rate of 10.5% per year and a 3-year tenor.

PT Pemeringkat Efek Indonesia (Pefindo) has given 'idA' or 'Single A' rating for the bonds. (AM/AR)

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