JAKARTA - PT Hartadinata Abadi Tbk (HRTA) will issue Shelf-Registration Bond I Year 2024 of IDR 1 trillion. The proceeds of this corporate action will be used to expand retail outlets for gold bars, as well as pay maturing bond principal.

In the issued prospectus quoted Monday (9/9), the bond will be issued in series A and B with tenors set to 3 and 5 years, each. For series A, the interest rate is set to 6.75-7.50% per annum, while series B has the interest rate ranging from 7-7.5% per annum. The public offering of the bond will take place on October 22-24, 2024.

The joint lead underwriters are PT Bahana Sekuritas, PT BNI Sekuritas, PT Mandiri Sekuritas, and PT Sucor Sekuritas, with the appointed trustee, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI).

Meanwhile, Credit Guarantee & Investment Facility will act as Credit Guarantee and Investment Facility, a trust fund institution from Asian Development Bank.

Out of the total proceeds, IDR 480 billion are projected to be used to pay some of the principal of Shelf-Registration Bond I Phase I Year 2019, leaving the remaining as working capital for gold raw materials and expansion of retail gold stores in several cities.

Prior to this, HRTA actually planned to issue Shelf-Registration Bond I Year 2024 of IDR 500 billion in series A and B. Series A is projected to have a tenor of 3 years, with interest rate at 7.25-7.75% per annum, while series B is projected to have a tenor of 5 years and interest rate of 7.50-8% per annum. (LK/ZH)