JAKARTA - PT Trimegah Sekuritas Indonesia Tbk (TRIM) will issue Shelf Registration Bonds I Phase III Year 2025 with a principal amount of IDR 303.2 billion.

The bonds are part of the TRIM Shelf Registration Public Offering (PUB) I Bonds programme, with a target fund to be raised of IDR 1.1 trillion. Previously, the company had issued Phase I bonds amounting to IDR 408.8 billion and Phase II IDR 388 billion.

In this Phase III issuance, TRIM offers bonds in 2 series, namely Series A amounting to IDR 250.7 billion and Series B IDR 52.4 billion. The coupons offered for each series are 7.70% and 8.80%.

In the prospectus submitted, TRIM will allocate all proceeds from the bond issuance for working capital. With details of around 70% for warehousing needs and the remaining 30% for the company's margin financing.

The bond public offering period will be held on 9-10 January 2025. Electronic distribution of bonds will be carried out on 15 January 2025 and listed on the Indonesia Stock Exchange (IDX) on 16 January 2025.

The underwriters and underwriters of the bonds are TRIM and PT Aldiracita Sekuritas. Meanwhile, PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk (BJBR) was appointed as trustee. (KR/LM)