JAKARTA. PT Pembangunan Jaya Ancol Tbk (PJAA), a tourism and recreation company owned by Jakarta Government, is issuing Shelf-Registration Bond III of Jaya Ancol Phase I Year 2024 with total principal of IDR 600 billion.

Said bond is a part of a more extensive public offering of Shelf-Registration Bond III of Jaya Ancol, targeting total proceeds of IDR 1.5 trillion.

For the first round of bond issuance, PJAA will offer bond in three series. The principal amount is split into series A of IDR 444.03 billion, series B of IDR 15.01 billion, and series C of IDR 37.02 billion.

“The outstanding amount of bond principal of a maximum of IDR 103.94 billion will be guaranteed with best effort,” said the Indonesia Central Securities Depository in the official statement.

The coupon offered for series A is 8.50% per annum (p.a.), while series B’s coupon is 8.75% p.a., and series C 9% p.a. Meanwhile, the tenor set for series A is 3 years, series B 5 years, and series C 7 years.

The public offering of PJAA’s bond will take place from July 2 to 4, 2024, followed by the electronic distribution of the bond on July 9, and the listing on Indonesia Stock Exchange (IDX) on July 10, 2024.

Joint underwriters for this bond issuance, assigned by PJAA, include adalah PT BRI Danareksa Sekuritas, PT Indo Premier Sekuritas, and PT KB Valbury Sekuritas. (KR/ZH)