Conventional Bonds

Obligasi I Sarana Multi Infrastruktur

PT SMI entered the capital market for the first time in 2016, by issuing Obligasi I Sarana Multi Infrastruktur amounting IDR 1 trillion. The bonds issued by PT SMI received demand from both domestic and foreign investors. This represents that investor confidence in PT SMI's credibility in implementing it’s function as an intermediary that can also mobilize bilateral (banking, pension fund institutions and insurance) and multilateral funds for national infrastructure development has been proven and is well underway.

Description Value Tenor Coupon Maturity Rating
Tranche A Rp100.000.000.000,- 3 years 9,60% 11 June 2017 idAA+
Tranche B Rp900.000.000.000,- 5 years 10,0% 11 June 2019 idAA+

Shelf Registration Bond I: Obligasi Berkelanjutan I Sarana Multi Infrastruktur

PT SMI obtained a Shelf Registration Bond with a total facility amounting IDR 30 trillion in 2016, from which PT SMI issued 3 stages of bonds.

The bonds issued received demand from both domestic and foreign investors, especially from banking, pension fund institutions and insurance. This represents that investor confidence in PT SMI's credibility in implementing it’s function as an intermediary that can also mobilize bilateral (banking, pension fund institutions and insurance) and multilateral funds for national infrastructure development has been proven and is well underway.

The stage II issuance amounting IDR 7 trillion is one of the biggest single issuance emission in Indonesia. It was also oversubscribed by domestic and foreign investors. The success of this bond was also marked by the 30% ownership by foreign investors which is considered high for a corporate bond, close to Government Bonds with a foreign portion of 39%.

Stage I – 2016

Description Value Tenor Coupon Maturity Rating
Tranche A Rp2.298.000.000.000,- 3 years 7,85% 18 November 2019 idAAA
Tranche B Rp1.328.000.000.000,- 5 years 8,20% 18 November 2021 idAAA
Tranche C Rp700.000.000.000,- 10 years 8,65% 18 November 2026 idAAA
Tranche D Rp674.000.000.000,- 15 years 8,90% 18 November 2031 idAAA

Stage II – 2017

Description Value Tenor Coupon Maturity Rating
Tranche A Rp1.200.000.000.000,- 1 year 6,15% 25 November 2018 idAAA
Tranche B Rp4.455.000.000.000,- 3 years 7,40% 15 November 2020 idAAA
Tranche C Rp1.345.000.000.000,- 5 years 7,60% 15 November 2022 idAAA

Stage III – 2018

Description Value Tenor Coupon Maturity Rating
Tranche A Rp846.000.000.000,- 370 days 8,20% 14 December 2019 idAAA
Tranche B Rp199.250.000.000,- 3 years 8,70% 4 December2021 idAAA

Shelf Registration Bond II: Obligasi Berkelanjutan II Sarana Multi Infrastruktur

PT SMI obtained the second Shelf Registration Bond with a total facility amounting IDR 25 trillion in 2019, from which up till December 2020 PT SMI has issued 5 stages of from this Shelf Registration Bond.

In 2019, PT SMI issued 3 stages of this Shelf Registration Bond with a total amount of IDR 9.9 trillion. Together with the 2 stages of Sukuk issued in the same year, PT SMI issued the largest amount of corporate bonds in 2019 with a total amount of IDR 11.9 trillion.

The bonds issued received high demand and were oversubscribed for several times. This represents that PT SMI continues to proof its credibility and outstanding financial performance which maintain investor confidence. Even in the pandemic situation, the IDR 1.5 trillion stage IV bonds issued in July 2020 and the latest IDR 3.3 trillion stage V bonds issued in December 2020 were oversubscribed for 2.0x.

Stage I – 2019

Description Value Tenor Coupon Maturity Rating
Tranche A Rp224.000.000.000,- 370 days 7,50% 5 July 2020 idAAA
Tranche B Rp1.224.000.000.000,- 3 years 8,50% 25 June 2022 idAAA
Tranche C Rp1.552.000.000.000,- 5 years 8,75% 25 June 2024 idAAA

Stage II – 2019

Description Value Tenor Coupon Maturity Rating
Tranche A Rp463.000.000.000,- 370 days 7,00% 8 September 2020 idAAA
Tranche B Rp1.308.000.000.000,- 3 years 7,80% 28 August 2022 idAAA
Tranche C Rp1.033.000.000.000,- 5 years 8,10% 28 August 2024 idAAA
Tranche D Rp1.292.000.000.000,- 7 years 8,75% 28 August 2026 idAAA

Stage III – 2019

Description Value Tenor Coupon Maturity Rating
Tranche A Rp654.500.000.000,- 370 days 6,75% 10 November 2020 idAAA
Tranche B Rp727.500.000.000,- 3 years 7,75% 30 October 2022 idAAA
Tranche C Rp481.000.000.000,- 5 years 7,95% 30 October 2024 idAAA
Tranche D Rp945.250.000.000,- 7 years 8,30% 30 October 2026 idAAA

Stage IV – 2020

Description Value Tenor Coupon Maturity Rating
Tranche A Rp1.040.000.000.000,- 370 days 6,75% 31 July 2021 idAAA
Tranche B Rp256.300.000.000- 3 years 7,60% 21 July 2023 idAAA
Tranche C Rp240.000.000.000,- 5 years 8,00% 21 July 2025 idAAA

Tahap V Tahun 2020

Description Value Tenor Coupon Maturity Rating
Tranche A Rp2.216.000.000.000,- 3 years 6,30% 11 December 2023 idAAA
Tranche B Rp1.115.025.000.000- 5 years 6,70% 11 December 2025 idAAA

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