JAKARTA – PT Gajah Tunggal Tbk (GJTL) would issue a Global bond of USD 175 million to pay a portion of its Senior Secured Notes of USD 250 million maturing in 2022. This recent bond would mature in 2026 with an annual interest rate of 8.95% per year.
According to the information disclosure on Monday (28/6), the guarantee for this bond issuance includes a factory that manufactures bias tyres for cars, motorcycle tyres and its inner tubes, inner tyres for cards, and tire cords. It also includes fiduciary objects and a building rights certificate.
The guarantees’ total worth reaches USD 262.5 million, or 54.01% of the company’s equity in December 2020. Meanwhile, the debt securities equal 36.01% of the company’s equity in December 2020. The early buyers participating in this corporate action are Credit Suisse Singapore Ltd and Deutsche Bank AG Singapore. (LK/ZH)