BWPT - To do a IDR50 bn bonds issuance

BWPT - To do a IDR50 bn bonds issuance Eagle High Plantations (BWPT) will issue Sustainable Bonds I Phase II 2025 worth IDR50 bn, which is part of the Sustainable Public Offering of Bonds I with a total target fund of IDR400 bn. The bond are fully committed up to IDR27 bn and will be issued in two series: 1) Series A: IDR21.50 bn with an interest rate of 9.75% per year and a tenor of 1 year, and 2) Series B: IDR5.5 bn with an interest rate of 11% per year and a tenor of 3 years. Meanwhile, the bond worth IDR23 bn will be guaranteed on a best-effort basis. All funds raised from the bond issuance will be used for working capital, including the purchase of fresh fruit bunches (FFB), crude palm oil (CPO), and fertilizers. BWPT has received an idA- rating from Pefindo for this bond. (Source : Bisnis Indonesia)