Bonds

PT SMI is committed to leverage the capital provided by the Government and increase the capacity of the National Infrastructure Financing. The Company continues to increase its leverage capacity primarily through the issuance of bonds and a portion of bank loans and continues to do fund raising to support infrastructure financing while maintaining a sustainable level of profitability. PT SMI has been actively issuing bonds since 2014, where the bonds issued received high demand and were oversubscribed for several times, from both domestic and foreign investors.

The stage II of Shelf Registration Bond I amounting IDR 7 trillion issued in 2017 is one of the biggest single issuance emission in Indonesia. In mid-2018, PT SMI issued the first corporate Green Bond in Indonesia amounting IDR 500 billion which are part of the Shelf Registration Green Bond with a total value of IDR 3 trillion. In the same year, PT SMI issued IDR 1 trillion worth of Sukuk for the first time which was part of the Shelf Registration Sukuk with a total value of IDR 3 trillion.

PT SMI will continue to participates in the development of the Capital Market in Indonesia. In 2019, PT SMI issued the largest amount of corporate bonds in 2019 with a total amount of IDR 11.9 trillion.