JAKARTA. PT Indonesia Paradise Property Tbk (INPP) is issuing Bond I Year 2025 worth IDR 500 billion in two series.

Approximately IDR 12.5 billion will be issued in series A, with coupon set to 7.05% per annum and tenure of 3 years. Then, the remaining IDR 487.5 billion is offered through series B, with a coupon set to 7.30% per annum and tenure of 5 years.

The public offering of INPP’s bond will take place from December 30, 2024, to January 3, 2025. The distribution of the bond will then follow on January 8, before being listed on Indonesia Stock Exchange (IDX) on January 9, 2025.

The joint underwriters assigned by INPP consist of PT CIMB Niaga Sekuritas, PT Mandiri Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk (TRIM).

According to IDNFinancials data, INPP still recorded cash and cash equivalent of IDR 386 billion as of September 30, 2024. Meanwhile, its revenue was reported clocking up to IDR 878 billion, with net profit standing at IDR 282 billion. (KR/ZH)