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”) received a very positive response from investors during the initial offer period, experiencing oversubscription of 4.6 times.
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 received idAA (Double A) and idAA (sy) (Double A Syariah) ratings from PT Pemeringkat Efek Indonesia (PEFINDO) (“PUB”).
PUB Phase I consists of Series A with a coupon or yield equivalent to 8.25% per year for a term of 3 (three) years and Series B 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.
PUB Phase I is planned to be listed on the IDX on April 19, 2024.
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.
With this excess demand, by observing the applicable laws and regulations, the Company will consider 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.