News / 5 October 2018
PUBLIC OFFERING PLANS OF SHELF REGISTRATION BOND IV SARANA MULTIGRIYA FINANSIAL 6th TRANCHE YEAR 2018 WITH A FIXED COUPON RATE
In connection to the Shelf Registration Bond, the Company will issue and offer:
SHELF REGISTRATION BOND IV SARANA MULTIGRIYA FINANCIAL 6th TRANCHE YEAR 2018 WITH A FIXED COUPON RATE (“BOND”) WITH A PRINCIPAL AMOUNT UP TO Rp2.000.000.000.000,- (TWO TRILION RUPIAH)
These bonds are issued with a Principal Amount of Rp.886,000,000,000 (eight hundred eighty six billion Rupiah) which is guaranteed in Full Commitment. This Bond is issued scripless with tenor from 370 (three hundred seventy) Calendar Days up to 36 (thirty six) months since the Issuance Date. This Bond provides the options for public to choose the 2 (two) following Bond series offered:
|Serie A||:||The principal amount of Serie A Bond offered is to the amount of Rp548.000.000.000,- (five hundred forty eight billion Rupiah) with a fixed coupon rate of 8.25% (eight point twenty five percent) per year. The tenor of Serie A Bond is 370 (three hundred seventy) Calendar Days. The Serie A Bond will be paid fully (bullet payment), 100% of the Serie A Bond Principal amount, on the maturity date.|
|Serie B||:||The principal amount of Serie B Bond offered is to the amount of Rp338.000.000.000,- (three hundred and thirty eight billion Rupiah) with a fixed coupon rate of 8.70% (eight point seventy percent) per year. The tenor of Serie B Bond is 36 (thirty six) months. The Serie B Bond will be paid fully (bullet payment), 100% of the Serie B Bond Principal amount, on the maturity date.|
The remainder of the Bond Principal amount of the maximum is Rp1,114,000,000,000 (one trillion one hundred and fourteen billion Rupiah) will be guaranteed in the Best Effort (Best Effort). If the amount in Best Efforts (Best Effort) is not sold in partially or in whole, 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 anevidence 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 19 January 2019 and the last Coupon Payment as well as the maturity date of each Bond Series is 29 October 2019 for Serie A Bond and 19 October 2021 for Serie B Bond.