Jakarta - PT Merdeka Copper Gold Tbk (MDKA) plans to issue sustainable bonds III phase I in 2022 worth Rp3 trillion.

Based on the prospectus published on Thursday (3/2), these bonds are part of the Sustainable Bonds III program with a target of raising funds of Rp9 trillion.

In this first stage, the bonds are offered in two series, namely Series A with a tenor of 370 days and Series B with a tenor of 3 years.

The company plans to use around 49% of the proceeds from the bond issuance for the growth or development of the company's or subsidiary's business, around 25% for PT Bumi Suksesindo as the payment of all principal debts, around 20% for the payment of all principal debts of the sustainable bonds II MDKA phase I 2021 series. A, and the remaining 6% for working capital.

In order to issue bonds, the company has obtained a rating from Pefindo, namely A.

The company has appointed PT Indo Premier Sekuritas, PT Sucor Sekuritas,