JAKARTA. PT Tunas Baru Lampung Tbk (TBLA) offers its Shelf-Registration Bonds II of Tunas Baru Lampung Phase I Year 2023 of IDR 500 billion today (29/3). These funds will be allocated to the working capital in order to acquire approximately 50,000 tons of crude palm oil (CPO) as raw materials for cooking oil and biodiesel manufacturing.

These bonds, issued by this Sungai Budi Group’s plantation company, are a part of Shelf-Registration Bonds II of Tunas Baru Lampung with total targeted funds of IDR 1.5 trillion. The bonds, worth IDR 500 billion, are offered alongside a premium coupon.

According to the prospectus, TBLA will begin to offer these bonds to the public starting today (29/3) until Thursday (30/3), before finally being listed on April 5, 2023. The bonds worth IDR 372.5 billion will be offered with a full commitment. The tenor is set to 5 years, offered with an annual fixed interest rate of 9.90%. Meanwhile, the remaining amount, IDR 127.5 billion, will be guaranteed with best effort.

The bonds’ interest will be paid each quarter according to each bonds’ payment date. The first round of interest payment will take place on July 4, 2023, whereas the final round of interest payment, coinciding with the maturity date of the bonds, will fall on April 4, 2028. The bonds are said to have acquired a single A rank from PT Pemeringkat Kredit Indonesia. (AM/ZH)