JAKARTA. PT Profesional Telekomunikasi Indonesia (Protelindo), a subsidiary of PT Sarana Menara Nusantara Tbk (TOWR), will issue Shelf Registration Bonds IV Phase I in 2024 with a principal amount of IDR 1 trillion.

The bonds are part of Protelindo's Shelf Registration Public Offering (PUB) IV program, with a target of raising IDR 20 trillion.

In the first phase of bond issuance, Protelindo will offer bonds in 3 series. Series A will be offered with a term of 370 calendar days, Series B with a term of 3 years, and Series C with a term of 5 years.

Protelindo has obtained an “AAA(idn)” rating from Fitch Ratings Indonesia for the bonds that will be issued. Coupons and principal amounts for each series have not yet been determined.

In the prospectus submitted, Protelindo Management said that the funds from the bond issuance would be used to pay part of the bank debt.

The initial bond offering period will take place on 19-25 June 2024. The public offering will be held on 2-4 July 2024 and listing on the Indonesia Stock Exchange (BEI) on 10 July 2024. (KR/LM)