SMAR - PT. Sinar Mas Agro Resources and Technology Tbk

Rp 3.600

-20 (-0,56%)

JAKARTAPT Sinar Mas Agro Resources and Technology Tbk (SMAR) has halted the Public Offering of Shelf-Registration Bonds IV Phase I 2022, initially set at IDR 6 trillion.

Jimmy Pramono, Corporate Secretary of SMAR, stated that the total funds raised during the public offering of Shelf-Registration Bonds IV Phase I 2022 amounted to IDR 1.5 trillion. “There is a shortfall of IDR 4.5 trillion,” he said on Friday (7/2).

He attributed the failure to meet the funding target to market fluctuations at the time and adjustments in the company’s funding sources.

SMAR offered the Shelf-Registration Bonds IV Phase I 2022 from June 24 to 28, 2022, in three series. The bonds received a rating of idAA- (double A minus) from PT Pefindo.

The lead underwriters for the bond issuance were PT BCA Sekuritas, PT CIMB Niaga Sekuritas, and PT Mandiri Sekuritas, while PT Bank Mega Tbk (MEGA) was appointed as trustee. (LK/ZH)