BUMI Proposes IDR 721 Billion Bond to Acquire Australian Gold Mine
Tue 23 Sep 2025, 11:07 AM
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PT Bumi Resources Tbk. (BUMI) plans to raise IDR 721.61 billion through a bond issuance. This is the second tranche in 2025 under its Continuous Public Offering of Sustainable Bonds I, with a total program target of IDR 5 trillion.
In the 2025 second tranche, the bonds comprise two series. Series A totals IDR 149.33 billion with a three-year tenor and a fixed coupon of 8% per annum, while Series B totals IDR 572.28 billion with a five-year tenor and a fixed coupon of 9.25% per annum.
Coupons will be paid quarterly (every three months) from the issuance date, with the first payment scheduled for December 24, 2025. The final coupon and principal maturity payments fall on September 24, 2028 for Series A and September 24, 2030 for Series B. Principal will be repaid in full at maturity (bullet payment).
According to the prospectus, net proceeds after issuance costs will be used to finance the acquisition of Australia-based Wolfram Limited (WFL) in the amount of IDR 344.12 billion. WFL is a copper and gold mining company holding an operating permit through 2036.
In addition, around IDR 98.75 billion of the proceeds will be loaned to WFL to support capital expenditures, exploration, and working capital, with the remainder allocated to BUMI’s working capital needs, including operating expenses, employee compensation, professional services, taxes, and finance costs.
The bonds are slated to be listed on the Indonesia Stock Exchange (IDX) on September 25, 2025, following the public offering period scheduled for September 19, 2025.
For this issuance, BUMI appointed PT Mandiri Sekuritas, PT Trimegah Sekuritas Tbk. (TRIM), PT BCA Sekuritas, PT Indo Premier Sekuritas, PT BRI Danareksa Sekuritas, and PT Korea Investment & Sekuritas Indonesia as underwriters on a full-commitment basis. PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) has been appointed as trustee.
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