PT Duta Anggada Realty Tbk (DART) plans to issue sustainable bonds III, aiming to raise 300 billion rupiah.

According to the brief prospectus published on Monday (13/1), the bonds for phase I 2021, will be offered with a 370-day tenor aiming at raising 225 billion rupiah.

The company’s bond sale plan, has received a "BBB +" rating from the Pefindo. The company has picked PT Shinhan Sekuritas Indonesia as the underwriter for the bond issuance and mandated BPD Jabar Banten Tbk as the trustee agency.