BUMA Rings the Bell, Marks the Listing of Rp2 Trillion Sukuk Ijarah I BUMA 2025 on IDX
27 March 2025
PT Bukit Makmur Mandiri Utama (BUMA), the principal subsidiary of PT BUMA Internasional Grup Tbk (BUMA International Group, IDX: DOID), marked the successful issuance and listing of its inaugural Sukuk Ijarah I BUMA 2025, valued at Rp2 trillion, by ringing the opening bell at the Indonesia Stock Exchange (IDX) on the last trading day before the Eid holiday.
The Sukuk was well received by the market, evidenced by a 1.1x oversubscribed rate, reaffirming strong investor confidence in BUMA’s financial strength and strategic vision. Issued in three series with tenors of 370 days, 3 years, and 5 years, the Sukuk attracted a broad spectrum of investors, including banks, asset managers, mutual funds, and pension funds. Notably, over 50% of commitments were made toward the 5-year tenor, highlighting investor preference for long-term investments and confidence in BUMA’s financial stability.
Iwan Fuad Salim, Director of BUMA International Group, stated, “The listing of Sukuk Ijarah I BUMA 2025 today marks a historic milestone for the Group, especially for PT Bukit Makmur Mandiri Utama (BUMA), which has established a strong track record in Indonesia’s mining industry for more than 26 years. We express our deepest gratitude to all stakeholders, including Sukuk holders, the Financial Services Authority (OJK), the Indonesia Stock Exchange (IDX), the underwriters, and everyone who has contributed to the issuance process of Sukuk Ijarah I BUMA 2025.”
“We hope that today’s achievement and listing will serve as an important step for BUMA to continue making positive contributions to all stakeholders, while strengthening our journey toward becoming a sustainable global mining company,” added Iwan.
Kristian Manullang, Director of Surveillance and Compliance at IDX, stated, “On behalf of the Indonesia Stock Exchange, I would like to congratulate PT Bukit Makmur Mandiri Utama on the listing of Sukuk Ijarah I BUMA 2025, making it the third company to list Sukuk Ijarah in 2025 among the 59 Sukuk Ijarah issuances currently listed on the Indonesia Stock Exchange. The successful listing of Sukuk Ijarah I BUMA 2025 is a testament to the hard work and dedication of the Company’s management and employees, which we deeply appreciate. This achievement represents an important milestone for the Company, paving the way for continued growth and future success.
The Sukuk proceeds will be evenly allocated to support BUMA’s operations in Indonesia, with 50% for capital expenditures and 50% for working capital.
BUMA successfully secured an A+ Syariah rating from PT Pemeringkat Efek Indonesia (Pefindo) and Fitch Ratings, reflecting the company's financial stability and low default risk profile. The Sukuk Ijarah I BUMA 2025 issuance was arranged by PT BNI Sekuritas, PT BCA Sekuritas, and PT Sucor Sekuritas, with PT Bank Rakyat Indonesia (Persero) Tbk serving as the trustee.