JAKARTA – PT MNC Kapital Indonesia Tbk (BCAP) will issue and offer Shelf-Registration Bonds V MNC Kapital Indonesia Phase I Year 2024 with a principal amount of IDR 500 billion.

According to a disclosure on the Indonesia Stock Exchange (IDX) on Thursday (2/1), BCAP is targeting to raise IDR 555 billion through this bond offering.

The bonds will be issued in non-certificated form, except for a jumbo certificate in the name of PT Kustodian Sentral Efek Indonesia (KSEI).

The bonds will be offered in three series: Series A with a principal of IDR 98.88 billion, a fixed interest rate of 9.25% per year, and a tenor of 370 days; Series B with a principal of IDR 134.5 billion, a fixed interest rate of 10.75% per year, and a tenor of 3 years; and Series C with a principal of IDR 64.91 billion, a fixed interest rate of 11.5% per year, and a tenor of 5 years.

The principal amount, of up to IDR 201.7 billion, will be guaranteed on a best-effort basis.

If the bonds offered on a best-effort basis are not fully or partially sold, the bond underwriters are not obligated to purchase the unsold portion, and the company is not required to issue the unsold bonds.

The public offering will take place from January 2-7, 2025, with allotment scheduled for January 8, followed by the return of subscriptions and electronic distribution of bonds on January 10, and the listing on the IDX on January 13, 2025.

If all the fully guaranteed bonds are sold, approximately IDR 298.29 billion, after deducting costs, will be used to repay Shelf-Registration Bonds IV MNC Kapital Indonesia Phase I Series A maturing on January 29, 2025.

The remaining proceeds will be allocated to working capital for the company's operations, business development, and improvement of operational systems and procedures. (DK/ZH)