Jakarta - PT Adhi Karya Tbk offers a coupon for sustainable bonds III phase II in 2021 at around 7.50%-9.55%.

For phase II, the company's brief prospectus published on Thursday (19/8) stated that Adhi Karya offers the bonds in two series: Series A worth Rp200 billion with a coupon of 7.50% and a tenor of 370 days and series B worth Rp473.5 billion with a coupon of 9.55% and three years tenor.

This bond is part of the Adhi Karya sustainable bonds III program, aiming to raise Rp5 trillion funds.

The company will use proceeds from the corporate action, around 60% for capital expenditure in fixed assets, about 16.4% for payment of part of the principal, and the rest for working capital.

To issue the sustainable bonds III program, ADHI has obtained a rating from Pefindo, namely 'A-'.

The company appointed PT Bahana Sekuritas, PT BRI Danareksa Sekuritas, PT Mandiri Sekuritas, PT Indo Premier Sekuritas and PT Sucor Sekuritas. Th