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Waskita Karya Realty issues a bond of IDR 85 billion

09 June 2021 11:50

JAKARTA. PT Waskita Karya Realty, a subsidiary of PT Waskita Karya (Persero) Tbk (WSKT), prepares to issue a bond in the form of a medium-term note (MTN) worth IDR 85 billion without a public offering.

This bond is registered in the Indonesia Central Securities Depository (lit. Kustodian Sentral Efek Indonesia/KSEI) under MTN PT Waskita Realty Year 2021. The MTN would have an 11.5% interest rate per year, with a 370-day tenor.

The unit used for the trading and the transfer of this MTN is IDR 2.5 billion. It would be distributed electronically starting June 10, 2021.

Waskita Karya Realty appoints PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR) as the MTN monitoring agent and PT Shinhan Sekuritas Indonesia as MTN arranger.

According to idnfinancials.com data, Waskita Karya Realty is one of four subsidiaries of WSKT that has been active in the property business since 2016. It scored IDR 47.82 billion in net profit in 2020, massively declining from IDR 102.72 billion in 2019. (KR/ZH)

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