Jakarta — PT TBS Energi Utama Tbk lists its latest bond issuance, TBS Energi Utama Shelf Registration Bond I, Stage III of 2026 (Obligasi Berkelanjutan I TBS Energi Utama Tahap III Tahun 2026), on the Indonesia Stock Exchange (IDX) on May 18, 2026, with a total nominal value of Rp175 billion, the IDX announced on its website.
The seven-year bonds, traded under the code TOBA01CN3, carry a fixed annual interest rate of 9% and will mature on May 13, 2033. The issuance received an idA (Single A) rating from PT Pemeringkat Efek Indonesia (PEFINDO), while PT Bank Mega Tbk acts as trustee.
According to the IDX announcement, the bonds are not backed by specific collateral but are guaranteed by the company’s overall assets in accordance with Indonesia’s Civil Code provisions.
The IDX noted that with the listing, the total bond and sukuk (Islamic bond) issuance listed on the exchange in 2025 reached 60 issuances from 39 issuers, with a nominal value of Rp66.64 trillion. Total outstanding listed bond and sukuk issuances on the exchange currently stand at 695 issuances with a nominal value of Rp567.81 trillion and US$148.82 million.
PT TBS Energi Utama Tbk, formerly known as Toba Bara Sejahtra, has diversified beyond coal mining into renewable energy, , focusing on sectors such as geothermal energy, solar power, electric vehicle infrastructure, battery businesses, and integrated waste management, as part of its transition strategy.
The company has also invested in electric motorcycle and battery-swapping ventures through strategic partnerships, positioning itself as one of Indonesia’s emerging players in the clean energy and sustainable mobility sector. (nsh)
Banner photo: Electric car parked at a solar charging station outdoors, highlighting renewable energy and innovation. (Kindel Media/Pexels.com)
