JAKARTA (Yosefardi) – State toll operator PT Jasa Marga Tbk (JSMR) has set coupon on between 8.4% to 8.9% for its bond worth Rp2.1 trillion, part of Rp5.95 trillion bond program.
The bond is offered in three series; Series A amounting Rp700 billion with tenor of 370 days and coupon of 8.4%, Series B amounting Rp400 billion with tenor of 3 years and coupon of 8.7%, and Series C amounting Rp1 trillion with coupon of 8.9% and 5 years tenor.
The bond offering starts today, facilitated by PT Mandiri Sekuritas as underwriter. The bond proceeds (84.36%) will be used to settle the existing bond, 7.48% for business expansion, and the rest 8.16% for working capital. (yohanneso@yosefardi.biz)