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View all search resultsHM Sampoerna buys $30m in patriot bonds
According to a disclosure to the Indonesia Stock Exchange (IDX), Sampoerna bought the bonds in two tranches under Danantara’s 2025 phase I long-term debt securities program.
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PT HM Sampoerna president director Ivan Cahyadi (center), accompanied by the director of external affairs, Elvira Lianita (second left), finance director Sergio Colarusso (second right), smoke-free product marketing director Andre Dahan (left) and director of strategy & program delivery Sharmen Karthigasu are seen in conversation after a public briefing in Jakarta in July 2024.
C
igarette conglomerate PT HM Sampoerna has purchased Rp 500 billion (US$30 million) worth of patriot bonds issued by state asset fund Danantara.
The proceeds from the securities are intended to channel long-term funding into Danantara’s renewable energy and waste-to-energy projects.
According to a disclosure to the Indonesia Stock Exchange (IDX), Sampoerna bought the bonds, which are not offered publicly, in two tranches under Danantara’s 2025 phase I long-term debt securities program.
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The purchase comprises Rp 250 billion of Series A bonds with a 2 percent annual coupon maturing on Oct. 22, 2030, and Rp 250 billion of Series B bonds with the same rate maturing on Oct. 21, 2032.
The total investment represents 1.76 percent of Sampoerna’s equity based on its audited 2024 financial statement.
Therefore, the purchase did not constitute a material transaction as defined under Financial Services Authority (OJK) Regulation No. 17/POJK.04/2020 on material transactions and changes to main business activities, the company said.
