WMPP - Issued its first MTN worth IDR45 bn

Widodo Makmur Perkasa (WMPP) has issued its first Medium Term Notes (MTN) with a principal amount of IDR45 bn. The debt securities have been registered at the Indonesian Central Securities Depository (KSEI), under the name MTN Widodo Makmur Perkasa Tahun 2023 Phase I. The coupon offered for this MTN is 5% per year, while the tenor offered is 3 years. Issuance of WMPP MTN is carried out without ing through a public offering. The electronic distribution of securities will take place on May 10, 2023, while the maturity of the MTN is scheduled for May 10, 2026. The MTN trading and book-entry unit is set at IDR1 bn. WMPP has cash and cash equivalents of IDR171.15 bn at the end of the 2022 financial year. Meanwhile, the company's total assets are recorded at IDR6.07 bn and its total equity is IDR2.09 tn. (Source : IDN Financials).