JAKARTA - Global Prime Capital Pte Ltd (GPC), a subsidiary of PT Bumi Serpong Damai Tbk (BSDE) is holding a tender offer for the 2025 Debt Securities from Thursday (19/10) to 3 November 2023.

In an information disclosure quoted on Thursday (19/10), Hermawan Wijaya, Director of BSDE said that the tender offer was carried out regarding the repurchase of US$ 300 million Senior Notes with 5.95% interest which matures in 2025. "The tender offer was carried out as part of management's responsibility reflected in GPC's financial balance sheet," he said.

According to him, the tender offer will not have a negative impact on operational, financial and business continuity aspects.

These GPC Senior Notes were issued for the sixth time (VI) on January 23, 2020, which were listed on the Singapore Exchange Securities Trading Limited. The funds from the issuance of these debt securities are used for land acquisition, investment property development, infrastructure development and other real estate development. (LK/LM)