BWPT – Offers IDR50.0 bn bonds

BWPT – Offers IDR50.0 bn bonds Eagle High Plantations (BWPT) will conduct the second phase of its Sustainable Bonds I public offering in 2025, raising IDR50 bn as part of a IDR400 bn program. The offering consists of Series A bonds worth IDR21.5 bn with a 9.75% interest rate and a 370-day tenor, and Series B bonds worth IDR5.5 bn with an 11% interest rate and a 36-month tenor, while the remaining IDR23 bn will be offered on a best-effort basis. Interest payments will be made quarterly, starting May 26, 2025, with principal repayments due on March 6, 2026, for Series A and February 26, 2028, for Series B, both repaid in full at maturity. BWPT’s bonds, rated "idA-" by Pefindo, will be offered from February 18 to 21, 2025, with allotment on February 24, electronic distribution on February 26, and listing on the Indonesia Stock Exchange on February 27. (Source : Idx)