PT Bank Mandiri Taspen has changed the schedule for implementing the issuance of sustainable bonds I phase II in 2021 of a maximum of Rp2 trillion.

Based on the additional prospectus published on Tuesday (13/4), the new corporate action schedule is the public offering period to be 22-23 April 2021, the allotment period April 26, 2021, the date of electronic bond distribution April 28, 2021, and listing on the IDX April 29. 2021.

Previously, the company would hold the public offering period on March 15-16, 2021. Allotment on March 17, 2021, electronic distribution on March 19, 2021, and listing on the IDX on March 22, 2021.

The company offers these bonds with a coupon of 6.5-7.25%, namely, series A with a principal value of Rp800 billion carrying a coupon of 6.5% and has a three-year tenor, and series B with a five-year tenor and has a principal value of Rp1.2 trillion, carrying a coupon of 7.25%.

The bonds are part of the Sustainable Bonds I with a total of Rp4 trillion. Acting as underwriters in the issuance of these bonds are PT Mandiri Sekuritas, PT BCA Sekuritas, PT BNI Sekuritas, PT BRI Danareksa Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk.

The company plans to use the proceeds from this celebration to work capital in lending business activities and improving its funding structure.