Global Mediacom to Issue Securities Worth IDR 1 Trillion, Including IDR 300 Billion Sukuk Ijarah

Global Mediacom, the parent company of Media Nusantara Citra (MNC Media), will be issuing securities worth IDR 1 trillion. The issuance will comprise of Phase 1 Sukuk Ijarah worth IDR 300 billion, and Phase 1 Bond Issuance, which is part of Global Mediacom’s Sustainable Public Offering (PUB) II valued at IDR 700 billion. The proceeds of the issuance will be used for refinancing of existing IDR Sukuk Ijarah and Bonds from Global Mediacom 2017 Phase II, expected to mature on the 19th of September 2020, with an anticipated debt value of IDR 400 billion, with the remaining used as working capital.

Based on a statement by Global Mediacom, the IDR 300 billion Sukuk Ijarah will be split into three tenures of 370 days, th...