JAKARTA - PT Permodalan Nasional Madani (PNM) has made a historic step. This state-owned financial institution officially became the first in Indonesia to issue a Bond Sustainable Public Offering (PUB) worth a total of IDR 6 trillion and PUB Sukuk with a total value of IDR 10 trillion, both of which are of Social Introspection Orange or better known as Orange Bonds.
Orange Bonds is a social-oriented financial instrument focused on empowering pre-sesejahtera women.
The issuance of Orange Bonds by PNM is not only a financial innovation, but also a concrete form of the company's commitment to supporting inclusive and sustainable finance. This is in line with the growing principles of Orange Movement in Indonesia which is also in accordance with the UN Goals 5 Sustainable Development Goals (UN SDGs 5) in terms of gender equality.
The issuance of PNM's Orange Bonds can help reduce the funding gap to achieve SDGs targets in Indonesia which reach Rp. 24,000 trillion. In its implementation, the funds raised will be used to expand financing and assistance to ultra micro women throughout the country, through the PNM program to Foster a Prosperous Family Economy (PNM Mekaar) and PNM Mekaar Syariah.
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PNM President Director Arief Mulyadi hopes that the issuance of Orange Bonds can help increase public awareness about women's empowerment through the capital market.
The valuable instrument that focuses on empowering women in Indonesia is still very minimal and this is the first in the Indonesian capital market. This step is a tangible manifestation of our enthusiasm to bring financial impacts," explained Arief in his statement, Wednesday, July 2.
For him, Orange Bonds is not only an investment instrument but a driving force for social transformation.
In the first phase of 2025, PNM managed to raise funds of IDR 1 trillion as part of a program worth a total of IDR 6 trillion. These bonds are divided into three series, namely:
* Series A: tenor 370 days, with a coupon of 6.25% per year. * Series B: tenor 3 years, with a coupon of 6.65% per year. * Series C: tenor 5 years, with coupons 6.85% per year.
In addition to bonds, PNM also issued Sukuk Mudharabah with an Orange Social Intention with a value of IDR 1.75 trillion as part of a program worth a total of IDR 10 trillion. This sukuk supports sharia financing with measurable social impacts, and is divided into three series:
* Series A: tenor 370 days, indications of 6.25% yield sharing per year * Series B: 3-year tenor, indications of 6.65% yield sharing per year * Series C: tenor 5 years, indications of 6.85% yield sharing per year.
This issuance also received a positive response from the market and obtained the highest ranking from PEFINDO: idAAA for bonds and idAAASy for sukuk. This ranking reflects the stable financial outlook of PNM, although published amid global geopolitical uncertainty. PNM's Orange Bonds is also supported by the Impact Investment Exchange (IIX), which is part of the Orange Movement, in connecting investors and building social capital markets.
The proceeds from the bond issuance will be used as working capital for the PNM Program to Foster the Prosperous Family Economy (PNM Mekaar), while sukuk proceeds are allocated for financing PNM Mekaar Syariah, involving a number of Implementing Emisi Efections. Leading Effects namely PT BRI Danareksa Sekuritas, PT Indo Premier Sekuritas, PT Mandiri Sekuritas, PT Bahana Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk.
The effect distribution will be carried out electronically on July 8, 2025, and will be listed on the Indonesia Stock Exchange on July 9, 2025 and the interest payment will be paid in the quarter (3 months) from the date of emission.
Arief revealed that the issuance of Orange Bonds proves the seriousness of PNM in optimizing equal access to financing for unbankable women and empowering ultra micro entrepreneur women to be able to be more empowered and have an impact on the surroundings.
"In the future, PNM will continue to expand the reach of services through digitization, strengthening the ultra micro ecosystem, and increasing and developing customer capacity through sustainable training," added Arief.
PNM will also strengthen social governance based on SDGs indicators as part of the application of measurable ESG principles.
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