JAKARTA - PT Sinar Mas Multiartha Tbk (SMMA) will issue Shelf Registration Bonds III Phase II 2025 worth IDR 800 billion on January 10-14, 2025. The majority of the proceeds from the issuance of these debt securities will be used to repay the bonds and the remainder as working capital.

In the short prospectus quoted on Friday (20/12), these bonds will be offered in three series and paid in full (bullet payment). Series A bonds are offered at IDR 100 billion with interest of 7% per year and a term of 370 days, Series B IDR 500 billion and interest of 8.25% per year for a term of three years, and Series C IDR 200 billion and interest of 9% per year for five years.

The proceeds from this bond issuance will be used to pay off bonds amounting to IDR 575 billion and the remaining IDR 225 billion for working capital financing for PT Sinar Mas Multifinance (SMMF).

The bond underwriters are PT Aldiracita Sekuritas Indonesia and PT Sinarmas Sekuritas with 38.91% and 61.09% respectively. (LK/LM)