Jakarta - PT Merdeka Copper Gold Tbk (MDKA) plans to issue sustainable bonds IV phase I of Rp3.1 trillion.

The company's prospectus, released on Wednesday (12/7), said that it offers a bond coupon of 10.30% and a tenor of 3 years in this first phase.

The company aims to raise Rp 15 trillion from the sustainable bonds IV program.

The company plans to use the proceeds from the bond issuance to pay off the sustainable bonds III phase I 2022 series A worth Rp959 billion, which mature on March 15, 2023, financial support to PT Bumi Suksesindo, PT Mentari Alam Persada, PT Mentari Alam Persada, PT Batutua Tembaga Raya, and PT Batutua Kharisma Permai.

For the issuance of these bonds, MDKA has obtained a rating from Pefindo, 'A+'.

MDKA has entrusted the underwriters to Indo Premier Sekuritas, Sucor Sekuritas, UOB Kay Hian Sekuritas, Aldiracita Sekuritas Indonesia, and Trimegah Sekuritas Indonesia.

Meanwhile, the implemen