BUMA Completes the Issuance of its 2023 Series I Bonds

PT Bukit Makmur Mandiri Utama (BUMA), a subsidiary of PT Delta Dunia Makmur Tbk. (Delta Dunia Group or “DOID”), proudly announced the successful issuance and listing of BUMA 2023 Series I Bonds (BOLD) on the Indonesia Stock Exchange (IDX), marking a historic entry into the Indonesian bond market.

The BUMA 2023 Series I Bonds have been issued with a total nominal value of Rp636,620,000,000 (six hundred thirty-six billion, six hundred twenty million Indonesian Rupiah), divided into three series:

• Series A with a nominal value of Rp422,910,000,000 at a fixed interest rate of 8.45% per annum, maturing in 370 calendar days with a bullet payment upon maturity;
• Series B with a nominal value of Rp200,570,000,000 at a fixed interest rate of 9.10% per annum, maturing in 3 years with a bullet payment upon maturity; and
• Series C with a nominal value of Rp13,140,000,000 at a fixed interest rate of 9.70% per annum, maturing in 5 years with a bullet payment upon maturity.

PT Mandiri Sekuritas and PT Sucor Sekuritas were the appointed Underwriters for the Bond Issuance.

Indra Kanoena, President Director of BUMA, stated, “We extend our deepest gratitude to our investors for their trust in BUMA’s strategic vision. The BUMA Series I Bond is a key component of our strategic diversification of financing and demonstrates our commitment to building strong partnerships with institutional investors.”

The Bonds Interest payments are scheduled quarterly, commencing from the Date of Issue. The respective maturity dates for each series are January 8, 2025, for Series A, December 28, 2026, for Series B, and December 28, 2028, for Series C.

Silfanny Bahar, Director of BUMA, commented, “We will be utilizing the proceeds to support further growth whilst building on our sterling history of our credit metrics. Our balanced approach to allocating these funds is aimed at both capital expenditure and enhancing operational efficiency. This commitment is integral to BUMA’s strategy for delivering long-term value and achieving a positive impact in the communities where we operate.'"

The BUMA 2023 Series I Issuance has broadened BUMA's financial sources, reflecting the diverse and robust support of its banking partners - PT Bank Mandiri Tbk., PT Bank Negara Indonesia Tbk., Indonesia Eximbank, PT Bank Muamalat Indonesia Tbk., and PT Bank JTrust Indonesia Tbk. Together, with a comprehensive range of financing solutions, including Bonds in USD and IDR as well as Leasing financing schemes, BUMA has showcased its capacity to attract a broad spectrum of investors, affirming their trust and belief in the company's strategic direction and growth potential.