Paseo Tissue Producer Owned By Conglomerate Eka Tjipta Widjaja Offers IDR 3.5 Trillion Bonds With Interest Up To 9.75 Percent

JAKARTA - Paseo tissue producer PT OKI Pulp & Paper Mills has issued bonds again. This time the value is IDR 3.5 trillion.

The bonds, titled the 2022 OKI Pulp & Paper Mills II bonds, have been registered with the Indonesian Central Securities Depository (KSEI).

In a statement from KSEI, Friday, March 25, the company, which is part of the Sinarmas Group owned by conglomerate Eka Tjipta Widjaja, divided the bonds into three series. Among them series A IDR 1.32 trillion with 5.75 percent interest will mature on April 10, 2023.

Then, series B of IDR 1.8 trillion with a 9 percent interest with a 3-year tenor will mature on March 30, 2025. And series C of IDR 380.82 billion with a 9.75 percent interest will mature on March 30, 2027.

These bonds have been licensed effectively on March 24, 2022, and begin the public offering period today. Furthermore, these bonds will be listed on the Indonesia Stock Exchange on March 31, 2022.

As additional information, in the issuance of this bond, OKI Pulp appointed Aldiracita Sekuritas Indonesia, BCA Sekuritas, BNI Sekuritas, Indo Premier Sekuritas, Mandiri Sekuritas, Sucor Sekuritas, and Trimegah Sekuritas Indonesia as underwriters for the issuance.