JAKARTA – Stock performance of PT Sejahteraraya Anugerahjaya Tbk (SRAJ) was corrected this morning (12/12) following its plan to issue bond of USD 125 million. However, compared to the beginning of this year, its stock has skyrocketed 730%.

Monitoring the board this morning, this Mayapada Group’s arm saw IDR 50 decline to IDR 2,490 at 10.30 AM WIB from IDR 2,540 seen at the opening.

Yesterday (11/12), it peaked at IDR 2,590 per share, with the lowest level hitting IDR 2,480.

The price has slowed down 27.42% from IDR 3,500, the price level seen last month (12/11). However, year-to-date, SRAJ still reports a 730.06% surge from IDR 306 per share on January 2, 2024.

As is known, SRAJ plans to issue bond of USD 125 million in order to boost the capital of subsidiaries managing Mayapada Apollo Batam International Hospital and Mayapada Hospital Surabaya 2.

Strategic investors included in the bond issuance reportedly consist of BCCS Maverick Holdings I dan II, LP, all controlled by Bain Capital Credit, LP. (LK/ZH)