JAKARTA - Bonds are again the choice of large companies to raise funds. As did PT Mayora Indah Tbk.
The producer of various well-known snacks owned by conglomerate Jogi Hendra Atmadja will issue bonds worth IDR 1.5 trillion. This bond is the last part of Mayora's II continuous bonds with a target fund of IDR 2 trillion.
Previously, the company had issued continuous bonds II phase I worth Rp500 billion.
Citing the company's offering document released Friday, March 10, the Rp1.5 trillion phase II sustainable bonds will be divided into two series.
Among them are series A of IDR 1.2 trillion with 7 percent interest with a five-year term and series B of IDR 300 billion with an interest of 7.5 percent per year for a period of seven years from the issuance date.
These bonds were issued scripless and offered at a value of 100 percent of the principal amount of the bonds. Bond interest is paid quarterly according to the bond interest payment date.
The first bond interest payment will be made on June 29, 2022 and the bond payment will be made in full (bullet payment) at the maturity date, namely March 29, 2027 for Series A and March 29, 2029 for Series B.
For investors who are interested in Mayora bonds, they can start placing orders on the date of the public offering on 22-24 March.
As additional information, Mayora will use the proceeds from bonds amounting to Rp750 billion to provide loans to its subsidiary, namely PT Torabika Eka Semesta (TES) as working capital financing. The rest is part of the company's working capital needs.
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