After Release Of Shares To Public, Adhi Commuter Gets Fresh Funds From Issuance Of IDR 307.5 Billion Bonds

Adhi Commuter Property Management. (Photo: Doc. Antara)

JAKARTA - In just a matter of months since releasing its initial shares to the public, PT Adhi Commuter Properti Tbk has again received fresh funds from the capital market. This time through the issuance of bonds.

Citing information from the Indonesia Stock Exchange (IDX), Wednesday, May 25, Adhi Commuter issued Bond II in 2022 with a value of IDR 307.5 billion. These bonds have also been listed on the IDX.

In detail, Adhi Commuter divides its bonds into two series. Among them, Series A Rp205.5 billion with a term of 367 calendar days and Series B Rp102 billion with a term of three years.

For the issuance of these bonds, Adhi Commuter received a rating from PT Pemeringkat Efek Indonesia (Pefindo) idBBB (Triple B). Acting as the Trustee in this issuance are PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk.

As is known, Adhi Commuter released its shares to the public on 23 February. The company's shares with the ADCP code have an initial price of IDR 130 per share and the number of shares issued is 2.22 billion or equivalent to 10 percent of the total issued and paid-up capital.

Through this action, the company earned IDR 288.89 billion in funds.