JAKARTA. PT Aneka Gas Industri Tbk (AGII) targets to raise Rp 305 billion with its Shelf Registration Bond II Phase II/ 2020 and Shelf Registration Sukuk Ijarah II Phase II/2020.
AGII's management stated that the principal value of the bonds issued was Rp100 billion, with a fixed interest rate of 9.25% per annum and a tenor of 370 calendar days. Meanwhile, the principal value of the sukuk ijarah issued was Rp 205 billion, with an ijarah instalment fee of Rp 18.96 billion and a tenor of 1 year.
Fitch Ratings Indonesia has given an A- (idn) rating to the bonds and sukuk issued by AGII. In issuing the two debt instruments, AGII has appointed PT Sucor Sekuritas as the underwriter and PT Bank Mega Tbk (MEGA) as the trustee.
In its prospectus, AGII's management said that all of the proceeds in this public offering will be used to pay some of its debts.
Approximately Rp 95.51 billion from the issuance of the bonds will be used to repay its bond debt, as well as the debts from PT Bank Mandiri (Persero) Tbk (BMRI) and PT Bank QNB Indonesia Tbk (BKSW). Then, around Rp 107 billion from the issuance of sukuk ijarah will be used to pay off debts from PT Bank Panin Dubai Syariah Tbk (PNBS), its sukuk debt, as well as loans from BMRI and BKSW. (KR/AR)