This Subsidiary Of The Tower Company Of The Djarum Group, Owned By The Hartono Brothers Conglomerate, Will Issue IDR 3.35 Trillion Bonds
JAKARTA - A subsidiary of PT Sarana Menara Nusantara Tbk (TOWR), namely PT Professional Telekomunikasi Indonesia (Protelindo) will issue Shelf-Registered Bonds II Phase II worth IDR 3.35 trillion. The corporate bonds belonging to the Hartono Brothers conglomerate consist of three series, namely Series A, Series B, and Series C.
In the company's disclosure of information, quoted on Wednesday, December 15, Series A has a principal value of IDR 1.01 trillion with a fixed interest rate of 3.60 percent per year. The term is 370 days so it will mature on December 27, 2022.
Then, Series B is offered with a principal amount of IDR 1.59 trillion with a fixed interest rate of 5.30 percent per year. This bond has a tenor of three years so it will mature on December 17, 2024.
Then, Series C has a bond principal value of IDR 744 billion with a fixed interest rate of 6.10 percent per year. The term is five years so it will mature on December 17, 2026.
Bond interest will be paid every three months starting from the issuance date, which is December 17, 2021. Thus, the first interest payment will fall on March 17, 2022.
After deducting issuance costs, IDR 3.05 trillion of bond funds will be used to pay off and/or partially repay Protelindo's bank debt. Then the rest will be used for working capital, such as payment of accounts payable, operating expenses, selling and marketing expenses, as well as general and administrative expenses.
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The public offering period of these bonds takes place today, Tuesday, December 14, 2021. Then, the allotment date falls on December 15, 2021 and electronic distribution on December 17, 2021. Then, the listing on the Indonesia Stock Exchange will be held on December 20, 2021.
Protelindo appointed PT BCA Sekuritas and PT Mandiri Sekuritas as underwriters for the bonds issuance and underwriters for the bonds issuance. Meanwhile, PT Bank Pertama Tbk acts as the trustee.
This bond issuance is part of Protelindo's Sustainable Bonds II with a target fund of IDR 3.5 trillion. These bonds are rated AAA (Triple A) from PT Fitch Ratings Indonesia.