PT Dian Swastatika Sentosa Tbk ("The Company") has successfully listed the Shelf Registration Public Offering which consists of Shelf Registration Bonds I Dian Swastatika Sentosa Phase I Year 2024 amounting to Rp350 billion and Shelf Registration Sukuk Mudharabah I Dian Swastatika Sentosa Phase I Year 2024 amounting to Rp150 billion (“PUB Phase I”) on Indonesia Stock Exchange.
PUB Phase I is listed with a nominal value of Rp500 billion, consisting of Series A (Bonds and Sukuk Mudharabah) with a nominal value of Rp239.25 billion with a coupon or yield equivalent to 8.25% per year for a term of 3 (three) years, and Series B (Bonds and Sukuk Mudharabah) with a nominal value of Rp260.75 billion with a coupon or yield equivalent to 8.75% per year for a term of 5 (five) years. Coupon payments will be made periodically every 3 (three) months.
For information, the PUB Phase I is part of the Shelf Registration Public Offering consisting of Shelf Registration Bonds I and Shelf Registration Sukuk Mudharabah I with a total value of Rp7 trillion, which has received idAA (Double A) and idAA (sy) (Double A Syariah) ratings from PT Pemeringkat Efek Indonesia (PEFINDO) (“PUB”).
Funds collected from PUB Phase I, after deducting the costs, will be allocated around 70% to develop the internet and multimedia services business through Company's subsidiary, PT Eka Mas Republik. Meanwhile, the remainder will be used for working capital and other general corporate purposes.
During the initial offer period, PUB Phase I received a very positive response from investors, experiencing oversubscription of 4.6 times. In the light of such positive response, the Company is considering the possibility of issuing PUB Phase II in the near future.
In this corporate action, parties acting as joint lead underwriters for the PUB are PT Aldiracita Sekuritas Indonesia, PT BCA Sekuritas, PT BNI Sekuritas, PT Mandiri Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk. Meanwhile, PT Bank KB Bukopin Tbk acts as the Trustee.