JAKARTA. PT Barito Pacific Tbk (BRPT) will issue the Shelf-Registration Bonds III Phase I Year 2023 with a principal of IDR 1 trillion.

These bonds are part of a more extensive public offering program of BRPT III, targeting to score IDR 3 trillion of fresh funds. These bonds will be offered in three series varying in tenors from 3 to 7 years 

The early stage of the public offering of Bond Phase I Year 2023 is taking place from January 11 to 24, 2023. The public offering will then follow on February 2-3, 2023, before being concluded through the listing on Indonesia Stock Exchange (IDX) on February 9, 2023.

Based on the prospectus, the management of BRPT will allocate approximately IDR 73.55 billion from the proceeds of current bonds issuance for paying off the outstanding amount of Series A of Bonds Phase II Year 2020. Then, another IDR 56 billion will be used to pay off the outstanding amount of Series B of Bonds Phase III Year 2022, while channelling IDR 281.35 billion to pay off debts owed to Bank Indonesia (BI). Lastly, the remaining IDR 561.1 billion will be used to pay off Series A of Bonds Phase I Year 2021.

According to IDNFinancials data, BRPT recorded total assets of USD 9.36 billion until September 30, 2022, while its equity clocked up to USD 4.45 billion. Meanwhile, the debt to equity ratio arrived at 1.11. (KR/ZH)