JAKARTA, RAKYAT NEWS – PT Petrosea Tbk (PTRO), a prominent player in mining and integrated EPC (engineering, procurement, and construction) services, has officially listed its 2024 first-stage Continuous Bond I and Sukuk Ijarah Continuous I on the Indonesia Stock Exchange (IDX).

This move is part of the company’s strategic effort to raise IDR 1.5 trillion in capital.

Kartika Hendrawan, Chief Investment Officer of PTRO, revealed that the total amount raised includes IDR 1 trillion from the issuance of the continuous bonds and IDR 500 billion from the Sukuk Ijarah.

The funds are aimed at bolstering working capital, which will help Petrosea fulfill its existing contracts in both the mining and integrated EPC sectors.

“The capital will play a crucial role in strengthening our financial position, enabling us to execute and meet the demands of the contracts we have secured in the mining and EPC business lines,” Kartika said at the listing ceremony held at the IDX building in Jakarta on Monday, December 16, 2024.

This issuance is part of PTRO’s larger fundraising program, which aims to raise up to IDR 2 trillion through bonds and IDR 1 trillion through Sukuk Ijarah. The funds raised will help the company expand its operations and continue executing its long-term strategy.

As part of its preparation for the bond and Sukuk issuance, Petrosea had previously received corporate ratings of “idA+” (Single A Plus; Stable Outlook) and “idA+(sy)” (Single A Plus Syariah) from PT Pemeringkat Efek Indonesia (PEFINDO). These ratings reflect the company’s financial stability based on audited reports as of June 30, 2024, and December 31, 2023.

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