JAKARTA – PT Merdeka Copper Gold Tbk (MDKA) is set to issue Shelf-Registration Bonds IV Phase II Year 2023 worth IDR 2.5 trillion. This corporate action is scheduled to take place from March 1 to 3, 2023.

Based on the short prospectus on Monday (20/2), 51% of the proceeds of the Bonds IV Phase II Year 2023 will be used to pay the principal of a Revolving Loan Facility of USD 100 million, whose agreement was signed on March 31, 2022.

Then, another 36% will be allocated to PT Bumi Suksesindo (BSI) to pay off the principal of another Revolving Loan Facility of USD 60 million to the creditor via The Hong Kong and Shanghai Banking Corporation Ltd (HSBC) as the agent. Then, the small 3% remaining will be channelled to PT Batutua Tembaga Raya (BTR) for its working capital.

The underwriters, each holding 20% portion, for this corporate action are PT Indo Premier Sekuritas, PT Sucor Sekuritas, PT UOB Kay Hian Sekuritas, PT Aldira Cita Sekuritas Indonesia, and PT Trimegah Sekuritas Indonesia Tbk (TRIM). (LK/ZH)