JAKARTA. PT Global Mediacom Tbk (BMTR), an issuer under MNC Group, will issue Shelf-Registration Bond IV of Global Mediacom Phase II Year 2024 and Shelf-Registration Sukuk Ijarah IV Phase II Year 2024 with total principal of IDR 650 billion each.

The bond issued by BMTR will be offered in three series, with the lowest coupon at 8.75% per annum, and the highest, 11%. Meanwhile, for sukuk ijarah, it will be offered with ijarah yield instalment varying from IDR 33.39 billion per annum to IDR 128.15 million per year.

The management of BMTR mentioned that the entire proceeds of bond issuance will be used to pay off several bonds issued by the company from 2017 to 2023. Similarly, proceeds of sukuk ijarah issuance will be used to pay off maturing sukuk ijarah sets, while allocating it as working capital, as well.

BMTR has secured an “idA+” from Pefindo for the bonds and “idA+(sy)” for sukuk ijarah. The public offering of bond and sukuk ijarah of BMTR will take place from June 12 to 14, 2024, while the listing on Indonesia Stock Exchange (IDX) will follow on June 24, 2024.

Several underwriters for bond and sukuk ijarah issuance assigned by BMTR include PT MNC Sekuritas, PT Bahana Sekuritas, PT BRI Danareksa Sekuritas, PT KB Valbury Sekuritas, PT Korea Investment and Sekuritas Indonesia, and PT RHB Sekuritas Indonesia. Meanwhile, the appointed trustee is PT Bank Rakyat Indonesia (Persero) Tbk (BBRI). (KR/ZH)