JAKARTA. PT TBS Energi Utama Tbk (TOBA) will issue Bonds I of TBS Energi Utama Year 2023 with a total principal of IDR 500 billion and the highest coupon of 10.25%.

The book-building phase of TOBA’s bonds will last until February 13, 2023. The bonds offered in this round of issuance will consist of 2 series, A and B.

The coupon attached to series A bonds is 8.25%, while series B’s is 9.25% to 10.25%. The coupon will then be paid to the holders once every three months. Meanwhile, the series A bonds has a tenor set to 3 years, while series B’s tenor is 5 years.

TOBA has received an “idA/Stable” rank from Pemeringkat Efek Indonesia (Pefindo), a local rating agency, for these upcoming bonds. The effective statement from the Financial Services Authority (OJK) is projected to arrive on February 23, 2023, followed by the electronic distribution of the bonds on March 3, 2023.

TOBA has assigned PT Mandiri Sekuritas and PT Sucor Sekuritas as joint underwriters for this bonds issuance, whereas PT Bank Mega Tbk (MEGA) will step in as the trustee. (KR/ZH)