PT SMI's Bonds and Sukuk Issue Exceeds Expectations with Rp16 Trillion Demand

Successful Capital Raising

PT Sarana Multi Infrastruktur (Persero), or PT SMI, has successfully listed its Obligasi Berkelanjutan IV Sarana Multi Infrastruktur Tahap IV Tahun 2025 and Sukuk Mudharabah Berkelanjutan III Sarana Multi Infrastruktur Tahap II Tahun 2025 on the Indonesia Stock Exchange on November 28, 2025. The company's initial target for the bond issuance was set at Rp4 trillion. However, the high investor interest resulted in total demand exceeding Rp16 trillion, significantly surpassing the initial target.

Strong Investor Confidence

The oversubscription rate of more than four times the initial target demonstrates strong investor confidence in PT SMI's financial performance, corporate governance, and business prospects. According to Reynaldi Hermansjah, PT SMI's CEO, the high demand reflects investors' trust in the company's ability to manage funds effectively and maintain robust business growth.

Strategic Implications

This successful bond issuance not only demonstrates market confidence but also strengthens PT SMI's position as a leading infrastructure financing company in Indonesia. The substantial demand indicates investors' appetite for high-quality infrastructure-related investment opportunities in the Indonesian market.

Market Impact

The successful listing of these bonds and sukuk is expected to have a positive impact on PT SMI's ability to fund infrastructure projects in Indonesia, supporting the country's development goals.