News / 31 January 2020
SHELF REGISTRATION BOND V SARANA MULTIGRIYA FINANCIAL 3rd TRANCHE YEAR 2020 WITH A FIXED COUPON RATE (“BOND”) WITH A PRINCIPAL AMOUNT UP TO Rp4.460.000.000.000,- (FOUR TRILLION AND FOUR HUNDRED SIXTY BILLION RUPIAH)
These bonds are issued with a Principal Amount of Rp3,500,000,000,000 (three trillion five hundred billion Rupiah) which is guaranteed in Full Commitment. This Bond is issued scriptless with period of 1 (one) year up to 5 (five) years since the Issuance Date. This Bond provides the options for public to choose the 2 (two) following Bond series offered:
|Series A||:||The principal amount of Serie A Bond offered is to the amount of Rp1.460.000.000.000,- (one trillion four hundred sixty billion) with a fixed coupon rate of 6,00% (six point zero zero percent) per year. The period of Series A Bond is 1 (one) year. The Series A Bond will be paid fully (bullet payment), 100% of the Series A Bond Principal amount on 28 Februari 2021.|
|Series B||:||The principal amount of Series B Bond offered is to the amount of Rp2.040.000.000.000,- (two trillion forty billion Rupiah) with a fixed coupon rate of 7.50% (seven point five zero percent) per year. The period of Series B Bond is 5 (five) years. The Series B Bond will be paid fully (bullet payment), 100% of the Series B Bond Principal amount, on 18 Februari 2025.|
The remaining of the Bond Principal amount of the maximum of Rp960.000,000,000,- (nine hundred and sixty billion Rupiah) will be guaranteed in the Best Effort. If the amount in Best Effort portion is not sold partially or in wholly, then the unsold remaining is not the Company’s obligation to issue the Bonds.
This Bond is issued without certificate except for a jumbo certificate issued and registered under the name of KSEI as an evidence of indebtedness for the interest of bondholders and this bond is offered at 100% (one hundred percent) of the Bond Principal Amount. Coupon will be paid quarterly in accordance with the Coupon Payment Schedule. The First Coupon will be paid on 18 May 2020 and the last Coupon Payment will be paid on the maturity date of each Series.