BRPT - PT. Barito Pacific Tbk

Rp 955

-25 (-3,00%)

JAKARTA. PT Barito Pacific Tbk (BRPT) offers coupons of up to 10.50% per year for one of the Barito Pacific Phase I 2023 Phase I Shelf Registration Bonds series.

The double-digit coupon is offered for Series C of the 2023 BRPT Phase I Shelf Registration Bonds III, with a principal amount of IDR 125.62 billion. Coupons will be paid every 3 months for 7 years.

Meanwhile other bond series are offered with a coupon of 8.25% per annum for Series A, and 9.25% per annum for Series B. The principal amount offered for the Series A bonds is IDR 52.52 billion with a 3-year tenor. Meanwhile, the principal amount for Series B bonds is IDR 821.87 billion with a tenor of 5 years.

The public offering period of Phase I of 2023 BRPT Shelf Registration III will take place on 2-3 February 2023. Electronic bond distribution will be carried out on 8 February 2023 and listed on the Indonesia Stock Exchange (IDX) on 9 February 2023.

As stated in the bond offering prospectus, BRPT plans to allocate most of the proceeds from the bond issuance for payment of bonds. In addition, the company also uses some of the funds to pay off bank loans. (KR/LM)