JAKARTA. PT Mitra Niaga Madani (MNM), an affiliate of PT Permodalan Nasional Madani (Persero) or PNM, has issued Medium Term Notes (MTN) with a principal of IDR 50 billion.
These notes were issued under the title MTN I of PT Mitra Niaga Madani Year 2022 Phase I. Furthermore, MNM has attached an interest rate of 9.90% per year and a tenor of 3 years for this set of notes.
The electronic distribution of MTN is scheduled to take place on December 22, 2022. Then, the first round of interest payment will be held on March 22, 2023. For the record, these notes were issued sans the public offering.
MNM has assigned PT Bahana Sekuritas as the arranger of this notes issuance. Meanwhile, PT Bank Rakyat Indonesia (Persero Tbk (BBRI) will step in as the trustee.
According to IDNFinancials, MNM is a subsidiary owned by PNM through PT PNM Venture Capital (PNM VC). Its purposes are to purchase and maintain houses and office spaces for PNM’s business activities. (KR/ZH)