JPFA issues IDR 500 billion bonds in two series, coupons of 9.25%-9.50%, and maturities of 3-5 years
JPFA – PT. Japfa Comfeed Indonesia Tbk
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JAKARTA – PT Japfa Comfeed Indonesia Tbk (JPFA) has issued its Shelf-Registration Bonds III Phase I 2026 with a principal value of IDR 500 billion.
Based on the company’s official statement on Tuesday (30/6), the bonds are divided into two series.
First, Series A has a principal value of IDR 390 billion with an interest rate of 9.25% per year and a three-year tenor.
Second, Series B has a principal value of IDR 110 billion with an interest rate of 9.50% per year and a five-year maturity. The first interest payment is scheduled for 7 October 2026.
Fitch Ratings assigned an A+ rating to the bonds. The joint lead underwriters are PT Sucor Sekuritas and PT Mandiri Sekuritas, while the trustee is PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR).
The company’s management said proceeds from the bonds would be used to accelerate repayment of part of the principal debt under a Term Loan credit facility with PT Bank Mandiri (Persero) Tbk (BMRI).
“All proceeds obtained from this Public Offering of Bonds, after deducting related issuance costs, will be used by the company for accelerated repayment of part of the principal debt under the Term Loan credit facility with PT Bank Mandiri (Persero) Tbk (BMRI),” it said in the statement.
The company’s bond public offering period runs from 30 June to 1 July 2026, with allocation scheduled for 3 July 2026. The bonds are scheduled to be listed on the IDX, Indonesia Stock Exchange, on 8 July 2026.
In terms of share performance, during the second trading session on Tuesday (30/6), JPFA shares had fallen 1.01% to IDR 1,960 per share as of 1:42 PM Jakarta time.
Over the past month alone, JPFA shares have dropped 17.99% and have fallen 32.41% since the beginning of 2026. (DK/ZH)
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