JAKARTA – PT Indofood CBP Sukses Makmur Tbk (ICBP), packaged food and beverages manufacturer, issued Global Bonds of USD 1.75 billion in total. It is equivalent to IDR 24.68 trillion using a currency level of IDR 14,105 per USD. The bond is equal to 49.1% of ICBP’s equity in December 2020 of IDR 50.31 trillion.
In the information disclosure, quoted Thursday (10/6), Gideon Ariprastomo Putro, the Corporate Secretary of Indofood, explains that the said bonds were issued through Singapore Exchange Securities Trading Limited (SGX-ST) yesterday (9/6). They consist of Global Bond 2031 of USD 1.15 billion and Global Bond 2051 of USD 600 million. “The period of those bonds are 10 and 30 years each, with the fixed interest rate of 3.398% and 4.745%,” Putro adds.
The funds collected from this action would be used for prepayment to cover a portion of bank loans regarding the acquisition of Pinehill Company Ltd (PCL). The loan facility uses USD and JPY equivalent to USD 2.05 billion with a five-year tenor.
As of May 2021, ICBP records an authorised capital of IDR 750 billion, issued and paid-up capital to reach IDR 583.09 billion, and stock in a portfolio of IDR 166.90 billion. Its stock ownership consists of PT Indofood Sukses Makmur Tbk (INDF) 80,53% and the public 19,47%. (LK)