JAKARTA. PT Barito Pacific Tbk (BRPT) will issue Shelf Registration Bonds III Phase II in 2023, with a principal amount of IDR 1 trillion.

The bonds are part of BRPT's Shelf Registration Public Offering III program, with a target of raising IDR 3 trillion. Previously, in the first stage, the company had issued bonds with a principal amount of IDR 1 trillion.

In the second phase of issuance, BRPT will offer bonds in 2 series. A total of IDR 700 billion was issued through Series A bonds, with a coupon of 8.50% per year and a tenor of 3 years. Then IDR 300 billion was issued through Series B bonds, with a coupon of 9.50% per year and a tenor of 5 years.

BRPT has obtained an "idA+" rating for the bonds to be issued. The company has also appointed PT BCA Sekuritas and PT Sucor Sekuritas as underwriters for the bond issuance. Meanwhile, PT Bank Tabungan Negara (Persero) Tbk (BBTN) was appointed as trustee.

The BRPT bond offering period is scheduled to take place on 21-23 November 2023. Bond distribution will take place on 28 November 2023 and listing on the Indonesia Stock Exchange (BEI) on 29 November 2023. (KR/LM)