JAKARTA. PT OKI Pulp & Paper Mills has issued Medium Term Sukuk Mudharabah with a principal of IDR 200 billion.

These securities have been registered in Indonesia Central Security Depository (KSEI) under the title of Medium Term Sukuk Mudharabah of PT OKI Pulp & Paper Mills II Year 2023. It is issued privately without any public offering.

OKI Pulp & Paper Mills offers a floating yield for this sukuk mudharabah. The first yield payment will be installed on November 25, 2023, every three months until it matures. The maturity date is set to August 25, 2026.

The distribution of sukuk mudharabah is scheduled to take place today (25/8). The sukuk may be traded and transferred for at least IDR 5 billion.

In the issuance of this sukuk mudharabah, OKI Pulp & Paper Mills has named PT Bank Negara Indonesia (Persero) Tbk (BBNI) as it's monitoring agent, while PT Aldiracita Sekuritas Indonesia is assigned as the arranger.

According to IDNFinancials data, OKI Pulp & Paper Mills is a part of APP Sinar Mas. It manufactures pulp and tissue paper in an integrated fashion. (KR/ZH)