JAKARTA - PT Hartadinata Abadi Tbk (HRTA) is offering Shelf-Registration Bond II Phase I Year 2024 worth IDR 900 billion starting from Wednesday (20/11) to Thursday (21/11). The offered value is reportedly IDR 100 billion lower than the previously announced bond value of IDR 1 trillion.

In the information disclosure quoted Wednesday (20/11), it is said that the bond is offered in series A of IDR 59.5 billion with yield of 6.90% per annum for 3 years, as well as series B of IDR 840.5 billion with yield of 7.10% per annum for 5 years.

The proceeds from this bond issuance will be used to refinance Shelf-Registration Bond I Phase I Year 2019 of IDR 480 billion. Then, the remaining portion is set aside for raw material purchase, store expansion, and other working capital.

As of now, HRTA is operating 4 factories of gold jewellery production, recording production capacity of 30 tons of jewelleries per year. In addition, the company has a gold refinery plant with capacity of 9 tons per year. (LK/ZH)