September 27, 2002 9/27/02 3:45:44 PM
Matahari Lists Rp450B Bond

PT Matahari Putra Prima Tbk (MPPA) had listed Rp450B bond in the Surabaya Stock Exchange (SSX).

In the statement released by SSX, the bond is stated to carry fixed interest rate by 17.875% per year and will mature in 5 years.

Matahari Putra Prima I Bond 2002 will be sold at the nominal price, with interest rate paid quarterly.

PT Pemeringkat Efek Indonesia (Pefindo) gives “idAA” (double A minus, stable outlook) rating for this bond.

For a guarantee, the company gives assets in form of land, building and machines worth 125% from the value of principal bond issued.

In the short prospectus, 80% of the bond will be allocated to open and renovate outlets and the remaining will be used for working capital and reserve purchasing.
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