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 IDR 100 billion 3 years 9,60% 11 June 2017 idAA+
Tranche B IDR 900 billion 5 years 10,0% 11 June 2019 idAA+

Program Bonds I: Obligasi Berkelanjutan I Sarana Multi Infrastruktur

PT SMI obtained a Program 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 IDR 2.30 trillion 3 years 7,85% 18 November 2019 idAAA
Tranche B IDR 1.33 trillion 5 years 8,20% 18 November 2021 idAAA
Tranche C IDR 700 billion 10 years 8,65% 18 November 2026 idAAA
Tranche D IDR 674 billion 15 years 8,90% 18 November 2031 idAAA

 
Stage II – 2017

Description Value Tenor Coupon Maturity Rating
Tranche A IDR 1.2 trillion 1 year 6,15% 25 November 2018 idAAA
Tranche B IDR 4.5 trillion 3 years 7,40% 15 November 2020 idAAA
Tranche C IDR 1.3 trillion 5 years 7,60% 15 November 2022 idAAA

Program Bonds II: Obligasi Berkelanjutan II Sarana Multi Infrastruktur

PT SMI obtained the second Program Bond with a total facility amounting IDR 25 trillion in 2019, from which up till July 2020 PT SMI has issued 4 stages of bonds.

In 2019, PT SMI issued 3 stages of this program bonds 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 latest stage IV bonds issued in July 2020 were oversubscribed for 2.0x.

Stage I – 2019

Description Value Tenor Coupon Maturity Rating
Tranche A IDR 224 billion 370 days 7,50% 5 July 2020 idAAA
Tranche B IDR 775 billion 3 years 8,50% 25 June 2022 idAAA
Tranche C IDR 941,25 billion 5 years 8,75% 25 June 2024 idAAA

 
Stage II – 2019

Description Value Tenor Coupon Maturity Rating
Tranche A IDR 463.000.000.000,- 370 days 7,00% 8 September 2020 idAAA
Tranche B IDR 1.308.000.000.000,- 3 years 7,80% 28 August 2022 idAAA
Tranche C IDR 1.033.000.000.000,- 5 years 8,10% 28 August 2024 idAAA
Tranche D IDR 1.292.000.000.000,- 7 years 8,75% 28 August 2026 idAAA

 
Stage III – 2019

Description Value Tenor Coupon Maturity Rating
Tranche A IDR 654.500.000.000,- 370 days 6,75% 10 November 2020 idAAA
Tranche B IDR 727.500.000.000,- 3 years 7,75% 30 October 2022 idAAA
Tranche C IDR 481.000.000.000,- 5 years 7,95% 30 October 2024 idAAA
Tranche D IDR 945.250.000.000,- 7 years 8,30% 30 October 2026 idAAA

 
Stage IV – 2020

Description Value Tenor Coupon Maturity Rating
Tranche A IDR 1.040.000.000.000,- 370 days 6,75% 31 July 2021 idAAA
Tranche B IDR 256.300.000.000- 3 years 7,60% 21 July 2023 idAAA
Tranche C IDR 240.000.000.000,- 5 years 8,00% 21 July 2025 idAAA

 
Tahap V Tahun 2020

Description Value Tenor Coupon Maturity Rating
Tranche A IDR 2.216.000.000.000,- 3 years 6,30% 11 December 2023 idAAA
Tranche B IDR 1.115.025.000.000- 5 years 6,70% 11 December 2023 idAAA

 
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