Duta Anggada Realty (DART) issued sustainable bonds II phase I in 2021 worth Rp203,450 billion, according to the company's official publication released on Tuesday (2/2). These bonds are offered with a fixed coupon of around 11.5%.

The value of the bonds issued is smaller than previously stated in the company's prospectus published on January 12, 2021, amounting to Rp225 billion.

The sustainable bond phase I in 2021 with a tenor of 370 days is part of the ongoing bond issuance program with a target fundraised of Rp300 billion.

The distribution of bonds is set on February 9, 2021, listing on the IDX on February 10, 2021, and maturity of bonds on February 19, 2022.

The company has obtained a rating from Pefindo, namely 'BBB +,' to issue sustained public offering bonds. As the issuance underwriter, the company entrusts PT Shinhan Sekuritas Indonesia, with the mandate to BPD Jabar Banten Tbk as the trustee.

The funds obtained from this corporate action are entirely for the company's working capital.