Investors

Bond

In 2012, the Company made a public offering of a bond programme (Penawaran Umum Berkelanjutan Obligasi Berkelanjutan I SMART) amounting to Rp 3 trillion. With regards to this programme, on 4 July 2012, the Company issued the first stage of the bonds (Obligasi Berkelanjutan I SMART Tahap I Tahun 2012) with a principal amount of Rp 1 trillion. These bonds have been fully settled on 22 June 2017 and 2 July 2019.

In 2020, the Company made another public offering of a bond programme (Penawaran Umum Berkelanjutan Obligasi Berkelanjutan II SMART) amounting to Rp 3 trillion. With regards to this programme, on 3 April 2020, the Company issued the first stage of the bonds (Obligasi Berkelanjutan II SMART Tahap I Tahun 2020) with a principal amount of Rp 775 billion.

Below are series of the bonds issued:
• Series A: nominal value of Rp 608.5 billion; 8.5% interest rate; 3 year tenor; due on 3 April 2023
• Series B: nominal value of Rp 166.5 billion; 9.0% interest rate; 5 year tenor; due on 3 April 2025

Rating on the outstanding bond released by PT Pemeringkat Efek Indonesia (PEFINDO) on 16 January 2020 is idA+ (Single A+) with Stable outlook.

All proceeds from the bonds will be utilised to finance the Company’s capital expenditure which is allocated 67% for enhancing the capability of our refineries to produce high value added products and the remaining 33% for expanding the capacity of our biodiesel plant in South Kalimantan.