JAKARTA - PT Bukit Makmur Mandiri Utama (BUMA), a subsidiary of PT BUMA International Group Tbk (DOID), has finalised the issuance of Sukuk Ijarah I BUMA 2025 worth IDR 2 trillion.

BUMA previously conducted book building from February 24 to March 7, 2025. The issuance of these sharia-compliant debt securities was oversubscribed by 1.1x.

Iwan Fuad Salim, Director of DOID, emphasised that this sukuk issuance marks a significant milestone in BUMA's financial diversification. The issuance even attracted interest from existing rupiah bondholders previously issued by BUMA.

“Investor confidence in BUMA is growing stronger, reflecting the market’s trust in our financial stability and business strategy,” said Iwan in an official statement on Thursday (20/12).

BUMA issued the ijarah sukuk in three series. Sukuk Series A has a principal amount of IDR 542.85 billion, offered with an ijarah yield of 7.50% and a tenor of 370 calendar days.

Meanwhile, Sukuk Series B was issued with a principal amount of IDR 364.95 billion, offering an ijarah yield of 8.50% and a tenor of 3 years. Finally, Sukuk Series C was issued with a principal amount of IDR 1.09 trillion, offering an ijarah yield of 9.2% and a tenor of 5 years.

Silfanny Bahar, Director of BUMA, stated that 50% of the funds from the sukuk issuance will be used for capital expenditure, with the remainder allocated for working capital.

“This allocation is in line with BUMA’s commitment to maintaining operational efficiency and financial resilience,” Silfanny noted. (EF/KR/ZH)