JAKARTA - PT Jaya Swarsa Agung Tbk (TAYS), a snack food manufacturer, distributed Medium Term Notes (MTN) USD I Year 2023 worth US$ 2 million, yesterday (22/1). When the distribution was carried out, the issuer's share price was corrected by 1 point.

Alexander Anwar, Chief Executive Officer (CEO) of TAYS said that the MTN issuance agreement deed was signed on December 6, 2023. The interest rate was set at 4% per year and the term was three years from yesterday's distribution.

The MTN value is equivalent to 22.6% of TAYS' total equity as of September 2023 of IDR 139.24 billion. Converted to rupiah at an exchange rate of IDR 15,731 per US$ 1, the MTN value is equivalent to IDR 31.46 billion.

The debt securities were issued without special collateral (clean basis). MTN interest payments will be made every six months, with the first payment taking place on July 22, 2024.

This issuer's share price was corrected to IDR 100 per share at the closing bell yesterday (22/1). Meanwhile, the issuer's share price closed at IDR 104 per share when the MTN issuance was signed before Vita Cahyojati, a Notary in Jakarta. (LK/LM)