JAKARTA. PT Pyridam Farma Tbk (PYFA) will issue Shelf Registration Bonds I Phase II Year 2023, with a principal amount of IDR 400 billion.

The bond issuance is part of the PYFA Shelf Registration Bonds I Public Offering (PUB) program, with a target of IDR 1.2 trillion to be raised. Previously, the company had issued the first phase of bonds with a principal amount of IDR 400 billion.

In the second phase of the bond issuance, it offers a coupon of 9.50% per year with a tenor of 2 years. Coupons will be paid every 3 months. In this bond issuance, PYFA has received an “irBBB+” rating from PT Credit Rating Indonesia.

The bond public offering period is scheduled to take place on 11-12 September 2023. The bond distribution will be held on 15 September 2023 and listed on the Indonesia Stock Exchange (IDX) on 18 September 2023.

PYFA has appointed PT Aldiracita Sekuritas Indonesia as underwriter for the bonds. Meanwhile PT Bank KB Bukopin Tbk (BBKP) has been appointed as trustee. (KR/LM)