Indonesia-listed mining company Bukit Makmur Mandiri Utama ( Buma ), the principal subsidiary of publicly listed holding company  Buma International Group, will offer its third conventional rupiah bond issuance, the Buma III 2025 Bonds, with a principal value of up to 1.4 trillion rupiah ( US$85.07 million ).

The bonds will be offered in three series: Series A, with a duration of 370 calendar days; Series B, with a duration of three years; and Series C, with a duration of five years.

BNI Sekuritas, BCA Sekuritas, Mandiri Sekuritas and Indo Premier Sekuritas have been appointed as the joint lead underwriters. The book-building period will run from September 3 to 17, followed by the public offering on September 30 to October 2.

Proceeds from this issuance will be allocated to partially refinance and reprofile Buma’s US dollar senior notes, fund growth capital expenditures for expanding mining operations and support working capital needs for day-to-day operations.

Over the past three years, the company has executed a series of disciplined financing initiatives, including both US dollar and rupiah bonds, sukuk, conventional and Shariah bank loans, and leasing financing schemes.

These measures, the mining company shares, have strengthened its balance sheet and diversified its funding sources, ensuring resilience across market cycles. The bonds, its adds, continue this strategy by reinforcing the company’s capital structure and expanding its financing base to support sustainable growth.

The bonds obtained an A+ rating by both Pefindo and Fitch Ratings, reflecting the company’s strong credit quality and low risk of default and, it says, “its position as a resilient and trusted partner in Indonesia’s mining sector”.

Silfanny Bahar, Buma’s director, adds: “Every financing decision we make is anchored on diversifying funding sources to maintain flexibility, while optimizing for cost of capital, investor base and market access. Through the bonds, we are reducing risk, reinforcing financial resilience and strengthening our capacity to reinvest in the operations and people that drive our long-term success.”