JAKARTA. PT Bukalapak.com Tbk (BUKA), a former e-commerce start-up debuting on Indonesia Stock Exchange (IDX) in 2021, has allocated the remaining proceeds gained from Initial Public Offering (IPO) to several kinds of investment instruments.
Approximately IDR 8.91 trillion of the remaining IPO proceeds of BUKA is placed in government bonds. Then, the remaining IDR 917.40 billion is allocated as deposit or into current accounts in several banks.
For government bond investment, BUKA is splitting IPO proceeds to numerous bonds with tenors varying from 12 months to 174 months. The coupons obtained from this bond also range from 4.35% to 8.25%.
In regard to deposit and bank accounts, BUKA also chooses different banks to diversify its investment. Some of them include Bank BNI, Bank HSBC Indonesia, Bank BRI, dan Bank Mandiri.
According to IDNFinancials data, BUKA raised fresh funds of IDR 21.32 trillion in its IPO. Most of the proceeds have been realised as extra working capital and funds for business expansion. (KR/ZH)