JAKARTA. PT Bukit Makmur Mandiri Utama (BUMA), a subsidiary of PT Delta Dunia Makmur Tbk (DOID), is offering Bond II Year 2024 with total principal of IDR 1 trillion.

Indra Kanoena, President Director of BUMA, mentioned that prior to this, the company had issued its first phase bond in 2023.

“The issuance of Bond II of BUMA Year 2024 is an important step to further diversify funding and manage our debts. The bond offering does not only strengthen financial condition of the company, but also grants more flexibility in supporting long-term business strategy,” said Kanoena in the official statement.

Kanoena mentioned that the proceeds gained from this bond issuance will be utilised to pay off Bond I of BUMA Year 2023 Series A of IDR 422.91 billion. Then, another 28.86% will be allocated to capital expenditure.

In this round of issuance, BUMA will offer 3 series of bond. The tenor is set ranging from 370 days, 3 years, or 5 years.

The book building of this bond issuance will take place on September 18-24, 2024. The credit rating for BUMA, assessed by Pemeringkat Efek Indonesia (Pefindo) and Fitch Ratings, is currently at “A+”. (KR/ZH)