PT Pegadaian to Raise Additional Funding Via Debt Securities, Including IDR 500 Billion through Sukuk

PT Pegadaian (Pegadaian), plans to raise IDR 2 trillion through the issue conventional sustainable securities (IDR 1.5 trillion) as well as IDR 500 billion in sustainable Sukuk Mudarabah. Based on information released in the prospectus on the 22nd of June 2020, the funds will go towards meeting additional working capital requirements.

The securities will be issued in three tranches. Series A of the Sukuk Mudarabah will have a principal value of IDR 316.5 billion, a 370-day term and a profit rate of 6.75%. Meanwhile, Series B, a three-year Sukuk, carries a principal value of IDR 103 billion, and a profit rate of 7.60%. Series C carries a five-year term, a profit rate of 7.695%, and has a principal value of IDR 80.5 billi...