JAKARTA. PT Lautan Luas Tbk (LTLS), a downstream integrated chemicals manufacturer, will issue Shelf-Registration IV Phase I Year 2024 with total principal of IDR 300 billion.

The bond is a part of a more extensive Public Offering of Shelf-Registration Bond IV of LTLS, with total target of IDR 1 trillion. In this first phase, bond will be offered with a coupon of 8% to 8.75% per annum and a tenor of 3 years.

“The proceeds of bond issuance, after deducting it with emission fees, will be utilised to enhance working capital of the company and will promote swift business operation of Lautan Luas,” said the management of LTLS in the official statement received by IDNFinancials.

LTLS has assigned PT Sucor Sekuritas and PT BRI Danareksa as lead underwriters of bond issuance. PT Bank Mega Tbk (MEGA) is then assigned as trustee.

The initial phase of bond public offering will take place until June 19, 2024. Main public offering will then take place from June 26 to 28, 2024, while the payment is due July 3, and electronic distribution of bond is set to July 4, 2024. (KR/ZH)