JAKARTA. PT LEN Industri (Persero), a state-owned electronic equipment manufacturer, issues Medium Term Notes (MTN) with a principal of IDR 300 billion without public offering.

The securities issued by MTN I of LEN Industri Year 2023 Phase I Series A and B. The principal of series A is IDR 100 billion, whereas series B is IDR 200 billion.

Meanwhile, the coupon attached to MTN Series A is 11.45% per annum, and series B’s is 11.65% per annum. The tenor of the series A is three years, while series B’s is 4 years.

LEN Indonesia has assigned PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) as the monitoring agent of the MTN issuance. The electronic distribution of MTN is scheduled to take place on June 22, 2023. Then, the first coupon payment of both series is set to September 22, 2023.

For the record, LEN Industri is appointed as a defence holding company under State-Owned Enterprises (SOE). Several other companies included in the defence holding are PT Pindad, PT Dirgantara Indonesia, PT PAL Indonesia, and PT Dahana. (KR/ZH)