JAKARTA – PT Global Mediacom Tbk (BMTR) would issue a Shelf-Registration Bond II Phase II Year 2021 worth IDR 700 billion and Shelf-Registration Sukuk Ijarah II Phase II Year 2021 of IDR 300 billion. The proceeds of this corporate action would be allocated to refinancing and the company’s working capital. The offering of these securities took place from September 6 to 9, 2021.
Quoting the information disclosure Tuesday (7/9), IDR 603.10 billion of the bonds are guaranteed with a full commitment and offered in three series. Series A of IDR 574.14 billion for one year with an annual interest rate of 9.40%, Series B of IDR 18.40 billion for three years of an annual 10.30% interest, and Series C of IDR 10.55 billion for a five-year period with an interest rate of 11% per year. The remaining amount of IDR 96.90 billion would be guaranteed with its best effort.
Meanwhile, IDR 281.44 billion of Sukuk would be guaranteed with a full commitment, comprising three series. They are Series A of IDR 274.89 billion for one year with a profit-sharing instalment of IDR 25.83 billion per year, Series B of IDR 6.5 billion for three years of a profit-sharing instalment of IDR 669.5 million per year, and Series C of IDR 50 billion for a five-year period with a profit-sharing of IDR 5.5 million per year. Similarly, the remaining amount of IDR 18.6 billion would be guaranteed with its best effort.
Furthermore, 47.68% of the bonds’ proceeds would be used to cover the payment of the Bonds II Phase I 2020, maturing soon on September 21, 2021, worth IDR 331.24 billion. Then, another 52.32% would be channelled to fund its working capital. Meanwhile, 99.32% of the proceeds of the sukuk issuance would be used in another refinancing, this time for Sukuk Ijarah II Phase I 2020 of IDR 297.97 billion maturing on September 21, 2021. The rest of it (0.68%) would be spent on operational needs.
The underwriters for this corporate action are PT Bahana Sekuritas, PT MNC Sekuritas, and PT Suco Sekuritas. Lastly, these securities have received an “idA (single A)” and an “idA sy (single A sharia)” ratings from PT Pefindo. (LK/ZH)