Aneka Gas to Raise USD 20.8 Million in Securities; Including Sukuk Worth USD 10.4 Million

Indonesia-based industrial gas company, Aneka Gas Industri (AGI) plans to raise a total of IDR 300 billion (USD 20.8 million) in bonds and Sukuk Ijarah, according to a statement issued by the Indonesia Central Securities Depository (KSEI) dated 30th of November 2021. The upcoming securities have been registered in the KSEI under the names Sustainable Bonds II AGI Phase IV Year 2021 and Sustainable Sukuk Ijarah II AGI Phase IV Year 2021 (Sukuk Ijarah), worth IDR 150 billion each (USD 10.4 million).

Why it Matters?

Majority of the proceeds of the bonds and Sukuk issuance will be used to pay several maturing debts by 2022. In particular, IDR 162 billion (USD 11.2 million) would be allocated to pay back two previous bonds, while another IDR 110 billion (U...