JAKARTA – PT Indah Kiat Pulp & Paper Tbk (INKP) seeks fresh funds of IDR 2.74 trillion by issuing a Shelf-Registration Bonds II Phase II 2021 and Sukuk Mudharabah Phase II 2021. The offering period of these securities would start today (3/12).
In the information disclosure quoted Friday (3/12), the Shelf-Registration Bond II Phase II would be offered in Series A of IDR 796.18 billion with a 370-day tenor and an annual interest rate of 6%. Series B would be offered for IDR 876.81 billion with an annual interest rate of 8.75% and a three-year tenor. Lastly, Series C would be worth IDR 338.33 billion, offered with a five-year tenor and an interest rate of 9.25% per year.
Meanwhile, the Sukuk Mudharabah I Phase II would be issued in Series A of IDR 187.19 billion with an annual profit-sharing rate of 6% for a year. Then, Series B would be worth IDR 304.52 billion with a profit-sharing rate of 8.75% per year for three years, while Series C would be offered in IDR 247.09 billion along with a profit-sharing rate of 9.25% per year for another five years.
The bonds and sukuk would be guaranteed with full commitment by the assigned executive underwriters of this issuance. They include PT BCA Sekuritas, PT BNI Sekuritas, PT Indo Premier Sekuritas, PT Mandiri Sekuritas, PT Sinarmas Sekuritas, PT Sucor Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk (TRIM). Lastly, PT Bank KB Bukopin Tbk (BBKP) would act as the trustee. (LK/ZH)