JAKARTA - PT Merdeka Copper Gold Tbk (MDKA) issued Shelf Registration Bonds Phase I 2021 with a principal of IDR 1.5 trillion which will be used for refinancing, capital expenditures and working capital. This corporate action is offered starting Wednesday (24/3) until the next two weeks (9/3).
In a brief prospectus published on Wednesday (24/2), these bonds were issued in two series with a period of one year and three years. The usage structure of bonds proceeds, among others, as much as 66% for the working capital of MDKA and its three subsidiaries, 23% for the payment of principal debt from the revolving credit facility worth US$ 25 million, and 11% used as capital expenditure for the Tujuh Bukit Copper Project.
The underwriter appointed include PT Indo Premier Sekuritas, PT Sinarmas Sekuritas, PT Sucor Sekuritas, and appointed trustee is PT Bank Rakyat Indonesia (Persero) Tbk (BBRI). (LK/LM)