MDKA - IDR1 tn Bond Issuance for debt repayment and BSI operations

MDKA - IDR1 tn Bond Issuance for debt repayment and BSI operations Merdeka Copper Gold (MDKA) will issue IDR1 tn in bonds under its IDR15 tn Penawaran Umum Berkelanjutan V. The bonds are split into Series A (367-day tenor) and Series B (three-year tenor). Proceeds include USD40 mn (IDR623.7 bn) for debt repayment under a USD60 mn credit facility, with the remainder allocated to Bumi Suksesindo (BSI) or working capital, covering supplier payments, consultancy fees, and operational expenses. (Source : Investor Daily) Comment : This will raise the debt-to-equity ratio (DER) from 0.56x to 0.58x, a minimal increase that may not be concerning.