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JACCS MPM Finance to issue IDR 150 billion MTN

26 September 2022 20:29

JAKARTA. PT JACCS Mitra Pinasthika Mustika Finance Indonesia (JACCS MPM Finance) is issuing Medium Term Notes (MTN) with a principal of IDR 150 billion.

According to the information collected from the Indonesia Central Securities Depository, said notes are equipped with a fixed coupon rate of 6.52% per annum and a tenor of three years. The electronic distribution of these notes will take place on September 28, 2022.

The interest will be paid every three months, meaning that the first round of payment will be disbursed on December 28, 2022.

JACCS MPM Finance has assigned PT BNI Sekuritas as the lead arranger of the MTN issuance. Meanwhile, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) will act as the monitoring agent.

Based on idnfinancials.com data, JACCS MPM Finance is a joint venture formed by JACCS Co Ltd and PT Mitra Pinasthika Mustika Tbk (MPMX). JACCS owns the 60%, while MPMX claims the other 40%.

JACCS itself is a company listed directly under MUFG Bank Ltd, which owns 20.25% of JACCS’s shares. On the other side, MPMX is directly under PT Saratoga Investama Sedaya Tbk (SRTG), with a stock portion of 56.69%. (KR/ZH)

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