MDKA - Preparedness for 2023 Series A bond repayment

MDKA - Preparedness for 2023 Series A bond repayment Merdeka Copper Gold (MDKA) announced on November 19, 2024, that it has prepared funds to repay the principal and fourth interest of its Obligasi Berkelanjutan IV Tahun 2023 Seri A, maturing on December 22, 2024, with a fixed interest rate of 7.75% per year. (Source : Company) Comment : MDKA allocated proceeds from the bond issuance as follows: 58% to repay 2022 Series A Bonds due in September 2023, 6% to settle 2020 Series B Bonds, and 36% for working capital, including supplier payments, employee costs, and operational expenses. The source of funds for the upcoming repayment has not been disclosed, but we estimate it may come from issuing new bonds.