JAKARTA - PT Barito Pacific Tbk (BRPT) will issue Shelf Registration Bonds I Phase III/2020 with a principal of IDR 386.52 billion in early December 2020. The funds raised from the bonds will be used to pay part of the company's loan (refinancing).
As quoted from the company's brief prospectus published yesterday (16/11), the bonds are guaranteed with full commitment and issued in three series. Series A has a principal of IDR 167.52 billion, an interest rate of 8.25% per annum, and a tenor of 370 days, Series B has a principal of IDR 56 billion, an interest rate of 9.25% per annum, and a tenor of three years. Finally, Series C has a principal of IDR 163 billion, an interest rate of 10.25% per annum and a tenor of five years.
The underwriters appointed by BRPT are PT Indo Premier Sekuritas, PT Shinhan Sekuritas Indonesia, and PT Trimegah Sekuritas Indonesia Tbk (TRIM), while PT Bank Tabungan Negara (Persero) Tbk (BBTN) was appointed as the trustee. PT Pemeringkat Indonesia (Pefindo) has given an idA (single A) rating for the bonds. (LK/AR)