TOBA - PT. TBS Energi Utama Tbk

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JAKARTA. For the first time since the IPO, PT TBS Energi Utama Tbk. (TOBA) listed Bond I TBS Energi Utama Year 2023 (Bonds) on the Indonesia Stock Exchange (IDX) worth IDR 500 billion. The proceeds from the bond offering will be used to fund green projects.

TBS SVP of Corporate Strategy & Investor Relations Nafi Achmad Sentausa explained that the revenue and cash flow from the bond issuance will be used for green business development in Indonesia which includes the transformation of the 2-wheeled vehicle market with a market value of up to US$9 billion. "Also for the development of New and Renewable Energy (EBT) in Indonesia, which has potential to reach 20GW by 2030," said Nafi in an official statement quoted from the information disclosure on the IDX, Tuesday (7/3/2023).

TBS Energi Utama Bonds I 2023 are listed with a nominal value of IDR 500 billion, consisting of 2 series. Series A bonds with a nominal value of IDR 425 billion, an interest rate of 8.80% and a tenor of 3 years from the date of issuance. Meanwhile, Series B bonds with a nominal value of IDR 75 billion, an interest rate of 10.00% and a tenor of 5 years from the date of issuance.

The first Bond Interest payment will be made on June 3, 2023, while the last Bond Interest payment as well as the maturity date of each Bond series will be on March 3, 2026 for Series A Bonds and on March 3, 2028 for Series B Bonds.

TBS Director Juli Oktarina said the issuance of the bonds was one of several financing options as well as the first step in accessing financing through capital market instruments. (AM/LM)