Global Mediacom Released IDR1.1Trn Bonds and Sukuk

Global Mediacom, Tbk (BMTR IJ) offers continuous bond and Sukuk worth IDR850bn and IDR250bn respectively. The company will use the funds added with IDR150bn from Sukuk emission to pay off bonds that will due on 12 July 2017 and the IDR100bn to be used for company’s working capital. The bond will offer in three series 5-years with coupon range 10.75%-11.50%; 6-years with coupon range 11.00%-11.75%; and 7-years with coupon range 11.25%-12.00%. Moreover, Stage 1 continuous Sukuk Ijarah will be offered through 3 series: 5-years, 6-years, and 7-years with coupon range 10.75%-11.50%, 11.00%-11.75%, and 11.25%-12.00% respectively. This bond and Sukuk issuance is part of the continuous public offering (PUB) of bond and Sukuk I worth IDR1.1trn and IDR400bn respectively. In addition, the company set budget worth IDR300-400bn to expanding the business.

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