JAKARTA (Yosefardi) – Retailer PT Mitra Adiperkasa Tbk (MAPI) has set coupon of its bond worth Rp650 billion, upsized from Rp500 billion planned earlier, part of its Rp1.5 trillion bond program.
The bond will be offered in 2 series; series A with tenor of 3 years offers coupon of 10.9% and series B with tenor of 5 years carrying coupon of 11.5%. The offering is scheduled for February 14-17, 2014.
MAPI had issued bond worth Rp500 billion in December 2013. The company allocates capital expenditure (capex) of Rp600 billion for this year, to open 250 outlets this year. In 2013, the company opened 327 outlets.