JAKARTA. PT Merdeka Copper Gold Tbk (MDKA), one of mining companies with the highest market capitalisation in Indonesia, will issue Shelf-Registration Bond V Phase VI Year 2024 with total principal of IDR 2.22 trillion.

Said bond is a part of a more extensive public offering of Shelf-Registration Bond IV of MDKA, with target proceeds of IDR 15 trillion. In the first phase, the company had issued bonds under the same program with total accumulated principal of IDR 11.75 trillion.

For this phase VI, MDKA will offer the bond in 2 series: series A of IDR 250 billion with coupon of 7.25% per annum (p.a.) and tenor of 367 days, and series B of IDR 1.97 trillion with coupon of 9% p.a. and tenor of 3 years.

For the record, MDKA has obtained an “idA+” rating from Pefindo for this upcoming Shelf-Registration Bond V Phase VI. This rating is effective starting from September 12, 2023, until September 1, 2024.

Several joint underwriters for this bond issuance include PT Indo Premier Sekuritas, PT Sucor Sekuritas, PT UOB Kay Hian Sekuritas, PT Aldiracita Sekuritas Indonesia, and PT Trimegah Sekuritas Indonesia Tbk (TRIM). Then, the trustee is PT Bank Rakyat Indonesia (Persero) Tbk (BBRI).

The public offering of the bond will start from July 24 to 25, 2024, followed by the electronic distribution on July 30, 2024, and bond listing on IDX on July 31, 2024. (KR/ZH)