Barito Pacific Issues Shelf-Registered Bonds III Phase II Rp1 Trillion, Take A Peek At The Schedule

Illustration of Rupiah (Photo: dock. Antara)

PT Barito Pacific Tbk (BRPT) will issue debt securities or sustainable bonds III Barito Pacific Phase II in 2023 with a principal bond of IDR 1 trillion. The bonds are part of the sustainable public offering of bonds III Barito Pacific with a total target of collecting IDR 3 trillion.

Previously, the issuer owned by Prajogo Pangestu had issued sustainable bonds III Barito Pacific phase I with a principal bond of IDR 1 trillion

Based on information disclosure, Thursday, November 9, BRPT issued bonds consisting of 2 series, namely series A bonds and series B bonds, each of which was offered 100 percent of the principal amount of bonds.

First, series A bonds have a period of time, aka a tenor of 3 years from the date of emission with a principal amount of IDR 700 billion with a fixed interest rate of 8.50 percent per year.

second, series B bonds with a period of 5 years from the date of emission with a principal value of Rp300 billion with a fixed interest rate of 9.50 percent per year,

Meanwhile, bond interest is paid every quarter or 3 months from the emission date.

Meanwhile, the first bond interest will be paid on February 28, 2024, and the last bond interest as well as due for series A will be paid on November 28, 2026 and on November 28, 2028 for series B bonds.

In the context of a sustainable public offering, BRPT has received rating results on sustainable bonds from PT Pemeringkat Efek Indonesia (PEFINDO), namely idA+ (Single A Plus).

Meanwhile, PT BCA Sekuritas and PT Sucor Sekuritas acted as underwriters for the issuance of bonds and PT Bank Tabungan Negara Tbk (BBTN) acting as trustees

The following is the schedule for offering BRPT bonds:

Public Offering Period : 21 November 23, 2023

Allotment Date : 24 November 2023

Order Refund Date : 28 November 2023

Electronic Bond Distribution Date (Emissions Single): 28 November 2023

Bond Listing Date On Indonesia Stock Exchange: November 29, 2023