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Golden Agri-Resources ( (SG:E5H) ) has shared an update.
Golden Agri-Resources has announced a significant financial move with the issuance of ‘Obligasi Berkelanjutan V SMART’ and ‘Sukuk Ijarah Berkelanjutan I SMART’ to raise a total of IDR 5 trillion. This issuance aims to refinance existing debts and optimize financial operations. The bonds and sukuk, both rated AA- by PEFINDO, are not backed by specific collateral but are secured by the company’s total assets, reflecting its strong financial flexibility and stable demand in the palm oil market. The initiative is expected to strengthen the company’s financial position and support its operational growth, despite challenges such as climate change and commodity price fluctuations.
More about Golden Agri-Resources
Golden Agri-Resources, operating under PT Sinar Mas Agro Resources and Technology Tbk, is a prominent player in the palm oil industry. The company is involved in palm oil plantation, processing, refining, and trading of palm oil-based products, as well as providing management services and transportation of these products. Headquartered in Jakarta, Indonesia, the company and its subsidiaries own 14 factories and 6 warehouses.
Average Trading Volume: 4,987,909
Technical Sentiment Signal: Buy
Current Market Cap: S$3.24B
See more data about E5H stock on TipRanks’ Stock Analysis page.