JAKARTA. PT Pindo Deli Pulp and Paper Mills, the paper manufacturer under Sinarmas Group, issues Medium Term Notes (MTN) with a total principal worth USD 1.65 million.

The securities have been registered in Indonesia Central Securities Depository under three different series, each of which is offered for USD 300 thousand, USD 350 thousand, and USD 1 million.

Those three series are equipped with the same coupon of 7% per annum and the same tenor of 3 years.

Pindo Deli Pulp and Paper Mills has assigned PT Aldiracita Sekuritas Indonesia as the arranger, whereas PT Bank Negara Indonesia (Persero) Tbk (BBNI) will be assigned as monitoring agent.

According to IDNFinancials data, Pindo Deli Pulp and Paper Mills is currently manufacturing various types of paper, including art paper, art board, photocopy papers, etc. Pindo Deli Pulp and Paper Mills is owned by Sinarmas Group indirectly through PT Purinusa Ekapersada.

For the record, Purinusa Ekapersada is the controlling shareholder of PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM). As of now, approximately 59.67% of the company is controlled by Purinusa Ekapersada. (KR/ZH)