PEFINDO assigns PT Merdeka Copper Gold (MDKA) idA+ ratings for Shelf-Registration Bond IV Phase II Year 2023 worth IDR2,500 billion maturing on March 15, 2024, and Shelf-Registration Bond II Phase I Year 2021 Series B worth IDR940.4 billion maturing on March 26, 2024.
MDKA plans to refinance part of its maturing bonds using a combination of funds from bond issuances, loan facilities from banks, and internal funds. As of December 31, 2023, the company had cash and cash equivalents of USD 228.5 million (excluding cash belonging to PT Merdeka Battery Materials Tbk).
MDKA was established in 2012 and is engaged in mining activities. Currently, the company has several projects located in Tujuh Bukit in Banyuwangi and Pani in Gorontalo for gold mining; Wetar Island, Maluku for copper mining; Konawe in Southeast Sulawesi for nickel mining; and Acid Iron Metal (AIM) projects, RKEF smelters, and nickel matte converters in Indonesia Morowali Industrial Park (IMIP), Central Sulawesi.
MDKA also in the process of building high-pressure acid leaching (HPAL) plants in IMIP and Indonesia Konawe Industrial Park (IKIP). As of September 30, 2023, the company's shareholders are PT Saratoga Investama Sedaya Tbk (18.599%), PT Mitra Daya Mustika (12.058%), Garibaldi Thohir (7.358%), PT Suwarna Arta Mandiri (5.588%), ISV SA Hongkong Brunp & CATL Co., Limited (5.000%), and others, including public and treasury shares of MDKA (51.397%).
Image source: EmitenNews.com
Source: www.emitennews.com/Niat Bayar, Pefindo Beri Peringkat Obligasi Merdeka Copper Gold (MDKA) idA+
