JAKARTA - PT SMART Tbk (SMAR) will offer Shelf Registration Bond II phase II 2020 with a total value of Rp 1.4 trillion from 15-19 October 2020. These bonds will be issued in three series; Series A, B and C.
As quoted from the company's prospectus published on Monday (5/10), Series A has a principal of Rp 572 billion, an interest rate of 8% yearly, and a tenor of 370 days, Series B has a principal of Rp 280 billion, an interest rate of 9.75% yearly, and a three-year tenor. Finally, Series C has a principal of Rp 548 billion, an interest rate of 10.50% yearly, and a five-year tenor.
The proceeds from the bond issuance are planned to be used for capital expenditures (42%), debt payment (29%) and working capital (29%).
The underwriters appointed for corporate action are PT BCA Sekuritas, PT CIMB Niaga Sekuritas, PT Sinarmas Sekuritas, and PT Sucor Sekuritas. PT Pefindo has given a single A plus (idA +) rating for the bonds. (LK/AR)