Jakarta - PT Merdeka Copper Gold Tbk (MDKA) has set the coupon for sustainable bonds III phase II-2022 at 7.8-9.25%.

The company's prospectus, released on Wednesday (13/4), stated it offers bonds worth Rp2 trillion in this second stage. The fundraising target from the bond sale program is Rp9 trillion.

In the second stage, the bonds were issued in two series,  series A worth Rp310 billion with a coupon of 7.80% and a tenor of 3 years, and series B worth Rp1.690 trillion with a coupon of 9.25% and a tenor of 5 years.

The company plans to use around 73% of the proceeds from the bond issuance for the payment of all principal debts incurred under the facility agreement for a single currency rolling facility of US$100 million, and PT Merdeka Tsingshan Indonesia will use the remaining 27% to fund capital expenditures partially.

To issue this bond, MDKA has obtained a rating from Pefindo, namely 'A'.

The company appointed P