(MENAFNEditorial)
JAKARTA April 24 2015—Alfamart retail network owner PT Sumber Alfaria Trijaya Tbk. (AMRT) issued shelf-registered bond I phase II worth IDR1 trillion for bank loan payment.
Based on a brief prospectus published on Indonesia Stock Exchange Thursday (4/23/2015) Sumber Alfaria Triaya had executed the shelf-registered bond I phase I worth IDR1 trillion.
The bond was issued in two series. First series A with a maturity period of 3 years and principal amount of IDR600 billion with an interest rate of 9.7%.
Second series B with a maturity period of 5 years and principal amount of IDR400 billion with an interest rate of 10%. The interest payment for the two bonds is done every 3 months.
The AMRT-stock coded received AA-(idn) rating from PT Fitch Ratings Indonesia. PT BCA Sekuritas PT HSBC Securities Indonesia and PT Mandiri Sekuritas are appointed as the underwriters along with PT Bank Rakyat Indonesia Tbk. as the trustee.
The proceeds from this bond issuance will be used for two things. First around 50% is allocated to pay part of the short-term debt or revolving debt to PT Bank Central Asia Tbk. on its maturity date.
Total debt to BCA reached IDR1.45 trillion which had been used for working capital. The loan period from BCA was set for 1 year and 10% interest with the remaining loan of IDR950 billion.
Second around 50% of the proceeds will be used to pay part of the short-term debt or revolving debt to PT Bank Mandiri Tbk. The total loan of IDR1 trillion was used for working capital. Read more..
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.