PT Sinar Mas Agro Resources and Technology Tbk (SMAR) has set the coupon for sustainable bonds III year I in 2021 at around 6.75-9.25%.

Based on a brief prospectus released on Tuesday (2/6), the principal amount of bonds issued in this first stage is Rp1.5 trillion.

Meanwhile, the target for funds raised in the third sustainable public offering in 2021 is Rp5 trillion.

Phase I bonds consist of three series, namely series A worth Rp600 billion with a coupon of 6.75% and a tenor of 320 days, series B of Rp600 billion with a coupon of 8.75% and a tenor of 3 years, and series C of Rp300 billion with a coupon of 9.25. % and a tenor of 5 years.

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

The implementing underwriters and the underwriters are BCA Sekuritas, CIMB Niaga Sekuritas, Sinarmas Sekuritas, Sucor Sekuritas. Meanwhile, the trustee is entrusted to Bank Mega.

Meanwhile, th