PT ABM Investama Tbk (ABMM) has recently completed its offering of a new Global Bond of USD 200 million to cover its old bonds maturing in August 2022. It is also currently in the middle of a bond tender offer, targeting to secure USD 191.51 million.
These newly offered bonds are oversubscribed for USD 250 million or 1.25 times, as stated by the management, quoted by Bisnis last week. This bond has a tenor of five years and a 9.875% interest rate. The said Global Bond would be listed on Singaporean Stock Exchange (SGX).
ABMM is revealed to be performing a tender offer for its old bonds to its bondholders. ABM Investama aims to secure USD 191.51 million from this bond tender offer. As additional information, the settlement date for the said transaction falls on August 9, 2021.
This latest Global Bond of ABM Investama has received a B+ rating from the international rating agency, Fitch Ratings.