PT RMK Energy (RMKE), a listed coal logistics service provider, is planning to issue its first phase of Sustainable Bonds I 2025, targeting a total issuance of Rp1.5 trillion (US$91 million). In the initial phase, the company aims to raise Rp500 billion through bonds offered in two series.
Series A will carry a 1-year tenor with coupon rates ranging from 7.00 percent to 7.75 percent per annum, while Series B will offer a 3-year tenor with coupons ranging between 8.00 percent and 9.00 percent. The bookbuilding period is scheduled for June 18–23, 2025.
The bonds have received a “idA” (Single A) rating from Pefindo, reflecting RMKE’s strong financial position and promising business outlook. The issuance is backed by PT Sucor Sekuritas, PT Trimegah Sekuritas Indonesia, and PT Korea Investment & Sekuritas Indonesia as joint lead underwriters, with PT Bank KB Bukopin serving as trustee.
Proceeds from the bond issuance, after deducting issuance costs, will be used primarily for working capital. Approximately 90 percent will be loaned to RMKE’s subsidiary, PT Royaltama Multi Komoditi Nusantara (RMKN), to procure coal from suppliers and support sales growth and supply chain optimization. The remaining funds will be used for RMKE’s operational needs, including fuel, lubricants, spare parts, and maintenance activities.
RMKE President Director Vincent Saputra said that the bond issuance reflects the company's commitment to sustainable growth and operational efficiency. He emphasized RMKE’s efforts to empower its subsidiary in strengthening the national coal logistics chain.
“At the same time, we aim to broaden our funding access to support faster and more efficient service delivery on the ground,” Vincent said as quoted in a statement on Thursday, June 19, 2025.
He highlighted that RMKE’s operational performance has shown consistent positive growth. From 2019 to 2024, its coal logistics service volume recorded a 17.2 percent compound annual growth rate (CAGR), while coal sales volume surged with a 62.4 percent CAGR. Financially, the company reported average annual revenue growth of 34.5 percent, and net profit growth of 46.0 percent CAGR during the same period. He stated these metrics reflect RMKE’s increasingly solid fundamentals.
“RMK Energy remains committed to advancing sustainable growth and expanding its role in the energy sector, in line with our long-term strategic plan,” Vincent said.
The company is targeting to commence operations of its hauling road project this year, which will also enable RMKE to gain additional service volume through two strategic partnerships with PT Wiraduta Sejahtera Langgeng (WSL) and PT Duta Bara Utama (DBU). The new infrastructure is expected to attract new clients and enhance logistical connectivity.
Already have an account? Sign In
-
Start reading
Freemium
-
Monthly Subscription
20% OFF$29.75
$37.19/MonthCancel anytime
This offer is open to all new subscribers!
Subscribe now -
Yearly Subscription
33% OFF$228.13
$340.5/YearCancel anytime
This offer is open to all new subscribers!
Subscribe now
Set up email notifications for these topics
