JAKARTA - PT Dayamitra Telekomunikasi Tbk (MTEL) is revising the target of its proceeds of issuance of Bond I and Sukuk Ijarah I of 2024 to IDR 250.22 billion from the initial IDR 500 billion. The proceeds will be used to pay off some loans in di PT Bank Mandiri (Persero) Tbk (BMRI).

As quoted from short prospectus Tuesday (2/7), MTEL is offering Shelf-Registration Bond I Phase I Year 2024 of IDR 240.22 billion with fixed interest of 6.50% per annum (p.a.) and tenor of 370 days. In addition, it also offers Shelf-Registration Sukuk Ijarah I Phase I Year 2024 of IDR 10.01 billion with ijarah yield of IDR 650.97 million p.a. for 370 days.

The assigned underwriters for bond issuance and their portions are PT BCA Sekuritas 12.57%, PT BRI Danareksa Sekuritas 22.90%, PT DBS Vickers Sekuritas Indonesia 52.03%, and PT Indo Premier Sekuritas 12.50%. The underwriters for sukuk issuance are PT DBS Vickers Sekuritas Indonesia of 90.85% and PT Indo Premier Sekuritas 0.15%. MTEL has secured a Triple A and Triple A Sharia rating for this upcoming securities’ issuance.

MTEL is revealed to owe BMRI loans of IDR 2.15 trillion. IDR 234.83 billion of bond issuance proceeds and another IDR 9.61 billion from sukuk ijarah will be used to pay off a portion of loan principal in BMRI, thus leaving the remaining amount of IDR 1.90 trillion.

On July 19, MTEL issued the prospectus of Shelf-Registration Bond I and Sukuk Ijarah I of 2024, stating the target proceeds of IDR 500 billion, accumulating IDR 400 billion from bonds and IDR 100 billion from sukuk ijarah. (LK/ZH)