JAKARTA. PT MNC Kapital Indonesia Tbk (BCAP) will issue Shelf-Registration Bond IV Phase II Year 2024 with total principal of IDR 390 billion.

Said bond will be offered in three series, consisting of series A worth IDR 171.72 billion, series B of IDR 10.01 billion, and series C of IDR 2.33 billion. “The remaining of principal of the bond that will be offered is worth a maximum of IDR 205.96 billion, which will be guaranteed with best effort,” said the management of BCAP in the issued prospectus,

The coupon offered for series A is 10.25%, while series B’s coupon is set to 11.75%, and series C, 12.50%. The tenors vary from 370 days for series A, 3 years for series B, and 5 years for series C.

Then, 55.5% of the proceeds of the bond issuance will be used for refinancing Shelf-Registration Bond III of MNC Kapital Indonesia Year 2024 Phase II, which will mature on July 7, 2024. Then, another 25.6% will be channelled to PT MNC Sekuritas, leaving the remaining amount to be used as working capital.

The public offering of bond will take place on June 25-27, 2024. The electronic distribution will follow on July 2, 2024, before being listed on Indonesia Stock Exchange on July 3, 2024.

BCAP assigns PT MNC Sekuritas as the underwriter, while PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) will act as the trustee. (KR/ZH)