RATU Bonds and Sukuk Oversubscribed 6.8 Times, Demand Reaches Rp 5.46 Trillion

PT Raharja Energi Cepu Tbk (RATU) recorded strong investor interest during the bookbuilding process for the Public Offering of RATU’s First Bonds 2026 and RATU’s First Wakalah Sukuk 2026. Total investor demand reached approximately Rp 5.46 trillion, or about 6.8 times the Rp 800 billion issuance target. Demand for the First Bonds of Raharja Energi Cepu 2026 was recorded at around Rp 2.58 trillion, or 8.61 times the Rp 300 billion target. The company stated that this high demand reflects investor confidence in the company’s performance and long-term prospects. In the final structure, the company set the bond issuance at Rp 300 billion, consisting of a 5-year tenor with a 7.95% coupon and a 7-year tenor with an 8.50% coupon. The Wakalah Sukuk was issued at Rp 500 billion with 5-year and 7-year tenors, with wakalah yields of 7.95% and 8.50% per year, respectively, paid quarterly. In addition, the funds will be used for refinancing existing bank loan facilities to strengthen the company’s capital structure. In this issuance, the company obtained an idA (Single A) rating for the bonds and idA(sy) (Single A Syariah) for the wakalah sukuk from PT Pemeringkat Efek Indonesia (Pefindo). RATU Director Adrian Hartadi said that the oversubscription achievement is a strong indicator of market confidence in the company’s business fundamentals. For information, PT Raharja Energi Cepu Tbk is a company operating in investments in the upstream oil and natural gas sector. The company has an economic interest in the Jabung Production Sharing Contract (PSC) through PT Raharja Energi Tanjung Jabung Ltd with an 8% Participating Interest operated by PetroChina Jabung Ltd. In addition, the company also has an indirect interest in the Cepu PSC with a 2.242% Participating Interest. As part of the RAJA Group, the company states its commitment to managing its energy investment portfolio with integrity, efficiency, and sustainability.