TOBA - PT. TBS Energi Utama Tbk

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JAKARTA. PT TBS Energi Utama Tbk (TOBA) is issuing Bonds I of TBS Energi Utama Year 2023 with a principal of IDR 500 billion.

These bonds will be offered in two series. The total principal offered in series A bonds is set to IDR 425 billion, whereas series B has a principal of IDR 75 billion.

Series A bonds has a tenor of three years and a coupon of 8.80% per annum. Meanwhile, series B bonds has a 5-year tenor and 10% per annum coupon rate.

The public offering of the bonds will take place on February 27-28, 2023, followed by the electronic distribution of the bonds on March 3, 2023. The bonds will then be listed on Indonesia Stock Exchange (IDX) on March 6, 2023.

TOBA has appointed PT Mandiri Sekuritas and PT Sucor Sekuritas as the joint lead underwriters. (KR/ZH)