JAKARTA. PT Oki Pulp & Paper Mills (OPPM), a pulp & paper manufacturer of Sinarmas Group, will issue Shelf-Registration Bond Phase IV Year 2024 of IDR 2.25 trillion and Shelf-Registration USD Bond I Phase VI Year 2024 of USD 7.95 million.
The upcoming IDR bond by OPPM will be offered in 3 series, with coupons ranging from 7.50% to 10.75% per annum and tenors varied from 370 days to 5 years.
Then, the USD bond will also be issued in 3 series, with coupons ranging from 5.75% to 8% per annum, with tenors set from 370 days to 5 years.
OPPM has acquired an “idA+” rating from Pemeringkat Efek Indonesia (Pefindo) regarding this upcoming rupiah bond, while the USD bond has secured an “idAA-“ rating from Kredit Rating Indonesia.
The public offering of this rupiah and US dollar bond to be issued by OPPM will take place on October 24-25, 2024, with electronic distribution of the bonds follows on October 30, 2024. Finally, the listing will be on October 31, 2024. (KR/ZH)