JAKARTA. PT Global Mediacom Tbk (BMTR) will raise fresh funds of IDR 1 trillion by issuing the Shelf-Registration Bonds III Phase II Year 2022 and Shelf-Registration Sukuk Ijarah III Phase II Year 2022.
The total principal value of these upcoming bonds clocks up to IDR 600 billion. These securities will be offered in three series with coupons rate ranging from 8.25% to 11% per year.
Meanwhile, for the sukuk ijarah, the face value is set to IDR 400 billion. Likewise, the sukuk will be offered in three series, with an ijarah yield instalment of between IDR 220 million and IDR 24.48 billion per annum
The entire proceeds that BMTR gains from the bonds issuance will be utilised to refinance existing, maturing bonds. Similarly, the proceeds from the issuance of sukuk ijarah will be used to refinance maturing sukuk while funding the company’s working capital.
The public offering of these bonds and sukuk ijarah of BMTR has been set to September 9-13, 2022. The electronic distribution of bonds and sukuk will take place on September 16, 2022, while the listing on Indonesia Stock Exchange (IDX) will follow on September 19, 2022. (KR/ZH)