JAKARTA - PT Hartadinata Abadi Tbk (HRTA) is set to offer Phase II of its Sustainable Bonds II in 2025, valued at IDR 100 billion, to investors from January 31 to February 3, 2025.

According to the prospectus, HRTA noted that these bonds are part of its IDR 1 trillion Sustainable Bond Public Offering II target. The bonds carry a fixed interest rate of 7.60% per annum with a 3-year maturity.

HRTA intends to use the bond proceeds primarily for working capital, focusing on expanding its gold jewellery and bullion manufacturing business, including raw gold procurement.

PT Bahana Sekuritas will act as the lead underwriter, with PT Bank Rakyat Indonesia Tbk (BBRI) serving as the trustee. The bonds have been assigned an "idAAAcg" (Triple A, Corporate Guarantee) rating by PT Pemeringkat Efek Indonesia (Pefindo).

The allotment and electronic distribution of the bonds are scheduled for February 4-6, 2025, with listing on the Indonesia Stock Exchange (IDX) planned for February 7, 2025. (DK/ZH)