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Jakarta - PT Sinar Mas Agro Resources and Technology Tbk (SMAR) plans to issue bonds ongoing first phase of Rp 1 trillion. Rates are set for 9 to 9.25% debentures.
Based on the summary prospectus liability company, on Tuesday (6/26/2012), the bond will be issued in two series, with the value and maturity are different.
Series A Bonds will be issued to the principal amount of Rp 900 billion. While the interest rate of 9% with a tenor of 5 years and matures on July 3, 2017.
While the series B bonds as much as Rp 100 billion, with a fixed interest rate of 9.25%. Bonds that will mature seven years, exactly July 3, 2019.
These bonds are the first stage of the ongoing corporate bonds amounting to Rp 3 trillion. As many as 60% of the corporate action proceeds will be used for the development of facilities for palm oil refining plant in South Kalimantan.
While 40 per cent, will be used for working capital, among others, financing the procurement of raw materials in the form of CPO purchase. PT Bahana Securities, PT Indo Premier Securities, PT OSK Nusadana Securities Indonesia and PT Sinarmas Securities will act as an underwriter.
This bond offering period will be held June 27 to 28 2012. While the date of listing on the Indonesia Stock Exchange (BEI) is expected on July 4.
(ang / Dru)
source: detik.com
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