Indonesian miner BUMA secures 1 trillion Rupiah bond issuance

Indra Kanoena, BUMA's president director, said the issuance, which was backed by mutual funds, insurers, asset managers, pension funds, and banks, will allow BUMA to become a more diversified mining company.

JaneWalter JaneWalter
Oct 1, 2024 - 21:01
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Indonesian miner BUMA secures 1 trillion Rupiah bond issuance

October 01, 2024

Mining services firm Bukit Makmur Mandiri Utama BUMA, the principal subsidiary of Indonesia Stock Exchange-listed Delta Dunia Makmur, has completed the successful issuance of the BUMA II 2024 Rupiah bonds BUMA II 2024 bonds with a total value of Rp1 trillion $65.7 million.

The bonds were oversubscribed by 1.4 times and were issued in three series Series A with a nominal value of Rp251 billion at a fixed interest rate of 7.25% per annum, maturing in 370 calendar days Series B with a nominal value of Rp332.71 billion at a fixed interest rate of 9.25% per annum, maturing in three years Series C with a nominal value of...

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Markets Southeast Asia #indonesia #bond issuance #mining