JAKARTA. PT Wahana Interfood Nusantara Tbk (COCO) issued bonds in the form of Medium Term Notes (MTN) with a principal amount of IDR 150 billion.

The debt securities have been registered at the Indonesian Central Securities Depository (KSEI) under the name PT Wahana Interfood Nusantara Tbk I Year 2023 Phase II MTN. MTN is offered with a fixed interest rate of 11.25% per year and a tenor of 5 years.

The distribution of MTN electronically will be held on April 18, 2023 today. The first interest payment will be made on July 18, 2023, then every 3 months thereafter.

COCO appointed PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR) as the monitoring agent for the issuance of this MTN. Meanwhile PT Aldiracita Sekuritas Indonesia was appointed as issuance manager.

With the issuance of the MTN, COCO now has 2 outstanding MTNs with a total principal amount of IDR 200 billion. Last year, the company issued MTN with a principal amount of IDR 50 billion, which will mature on July 6, 2025. (KR/LM)