Jakarta, CNBC Indonesia – A company engaged in the business of leasing, factoring and consumer financing, belonging to the Sinarmas group, namely PT Sinarmas Multifinance, is again seeking new loans through the issuance of bonds or debentures worth IDR 1 trillion.
From the offering document received by CNBC Indonesia, the bonds will consist of three tenors. Namely, one year with an interest rate of 7.25%-7.50% per year, three years with a coupon of 10.00%-10.25% per year and five years with a yield of between 10.50-10.75 % per year. Which is paid every three months.
This debt issuance is the first phase of Sinar Mas Multifinance’s III Sustainable Bonds program. From PT Credit Rating Indonesia, the company received an iA+ (single A plus) rating.
In terms of collateral, debt securities issued by entities belonging to the Sinarmas Group are in the form of Clean Basis or the collateral is not the company’s assets that have been used as collateral.
Time book building Sinar Mas Multi Finance’s phase I bonds, starting from 16 to 24 January 2023, and payment and distribution of bonds on 6 February 2023 and 7 February 2023.
At the issuance of the Sinar Mas Multifinance bonds, BRI Danareksa Sekuritas was appointed as Underwriter for the Issue.
Issuer PT Sinar Mas Multifinance is under the control of PT Sinar Mas Multiartha Tbk (SMMA) with 99.99% ownership. Then SMMA itself, owns 51.12% of its shares by PT Sinar Mas Cakrawala, of which the remaining 41.05% is owned by the public.
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