JAKARTA. PT JACCS Mitra Pinasthika Mustika Finance Indonesia (JACCS MPM), a joint venture established by JACCS Co. Ltd. and PT Mitra Pinasthika Mustika Tbk (MPMX), will issue Shelf-Registration Bonds I Phase II Year 2023 with a principal of IDR 400 billion. 

These bonds are a part of a public offering program of Shelf-Registration Bonds I of JACCS MPM with projected proceeds of IDR 1.5 trillion. Prior to this, JACCS MPM had distributed Phase I bonds in 2022 worth IDR 600 billion.

For this Phase II bonds issuance, JACCS MPM will offer bonds in two series. Series A's principal is IDR 170 billion, while series B will be offered for IDR 230 billion.

The coupon offered alongside series A is 6.25% per annum (p.a.) with a tenor of 370 days. Then, series B has a coupon of 7% p.a. with a tenor of three years. 

The public offering of Phase II bonds of JACCS MPM will take place from August 7 to 8, 2023. The electronic distribution will then be carried out on August 11, followed by the listing on Indonesia Stock Exchange on August 14, 2023.

In the issuance of its Phase II bonds, JACCS MPM will assign PT Indo Premier Sekuritas and PT BRI Danareksa Sekuritas as the lead underwriters. (KR/ZH)