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Sinar Mas Agro offers Shelf Registered Bond Phase I 2022 amounting to IDR1.5 trillion

30 May 2022 14:01

JAKARTA - PT Sinar Mas Agro Resources and Technology Tbk (SMAR) will issue Shelf-Registered Bonds IV Phase I 2022 amounting to IDR 1.5 trillion with an initial offering period starting today (30/5-13/6). The bonds are offered in three series with a bond rating of double A minus (idAA-).

In a short prospectus published Monday (30/5), the proceeds from the issuance of these bonds will be used to pay a portion of the principal of the long-term bank loan and the principal repayment of the Shelf-Registered Bonds III Phase II 2021 Series A and Shelf-Registered Bonds III Phase III 2022 Series A which will mature. As of December 2021, bonds payable that mature in a year are recorded at IDR 5.10 trillion.

Bond issuance will be guaranteed with full commitment, with the implementing guarantor of the Bond issuance, namely, PT BCA Sekuritas, PT CIMB Niaga Sekuritas, PT Mandiri Sekuritas, PT Sucor Sekuritas, and the trustee is PT Bank Mega Tbk (MEGA). (LK/LM)

 

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