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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