Jakarta - PT Sinar Mas Agro Resources And Technology Tbk (SMAR) offers coupons for sustainable bonds III phase II in 2021, ranging from 6-9%.

The summary prospectus published Monday (4/10), the number of bonds issued amounted to Rp2.5 trillion, part of the program for sustainable bonds III, targets raising funds to reach Rp5 trillion.

In phase II, the bonds have three series, namely Series A worth Rp477 billion with a coupon of 6% and a tenor of 370 days, Series B of Rp1.065 trillion with a coupon of 8.50% and a tenor of 3 years, and Series C of Rp958 billion with a coupon of 9% and a tenor of 5 years.

The company will use about 95% of the proceeds from the bond issuance to finance the company's investment in SIP and 5% to pay off a portion of the principal of long-term bank loans.

To issue this bond, the company has obtained a rating from Pefindo, namely 'A+'.

The company appointed PT BCA Sekuritas, PT CIMB Niaga Sekurit