Jakarta, December 14, 2021 - PT Aneka Tambang Tbk (ANTAM; IDX: ANTM; ASX: ATM), a member of MIND ID - BUMN Holding Mining Industry, announces that the Company has payment its B-Series Rupiah Sustainable Bonds I with Fixed Rate-Stage I 2011 with duration of 10 (ten) year with coupon rate of 9.05% per annum amounting to Rp2.1 trillion and mature on December 14, 2021.
In 2011, ANTAM issued Rupiah-denominated bonds, called ANTAM’s Sustainable Bonds I with Fixed Rate-Stage I 2011 (Bond Stage I) amounting to Rp3 trillion and issued in two series. A-Series bonds have a duration of 7 (seven) year amounting to Rp900 billion with coupon rate of 8.375% per annum which was paid in 2018. B-Series bonds have a duration of 10 (ten) year amounting to Rp2.1 trillion with coupon rate of 9.05% per annum.
From the total issue of Bond Stage I of Rp3 trillion, ANTAM are using the bonds proceeds to finance routine investments at its business units to support operational performance and maintain production stability. ANTAM also used the bond proceed for business development, including for capital expenditure to development of Pomalaa Ferronickel Smelters through the initiation of Pomalaa Expansion Ferronickel Plant Project (P3FP). The project also includes the development of Coal Fired Power Plant to increase the efficiency of ferronickel production cost. Since 2017, the P3FP was entering commercial operation phase.
On September 13, 2021, ANTAM Sustainable Bonds I received rating of “idA/outlook stable” from PT Pemeringkat Efek Indonesia (Persero) (PEFINDO). The rating reflect that ANTAM has a strong capacity to meet its long-term financial commitments. ANTAM always maintains the Company's financial strength and growth through business innovations to increase the Company's revenue, ensure the Company's ability to meet obligations and support funding for the Company's future growth in order to provide positive returns for shareholders and stakeholders.
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