JAKARTA &ndash; PT Petrindo Jaya Kreasi Tbk (CUAN), a company owned by tycoon Prajogo Pangestu, together with its subsidiary PT Petrosea Tbk (PTRO), has submitted a binding offer to Tolu Minerals Limited.
CUAN and PTRO plan to acquire convertible debt instruments issued by Tolu Minerals worth USD 23.75 million, or around IDR 280 billion. These notes can later be converted into a 4.99% equity stake in Tolu Minerals.
&ldquo;This move forms part of the Petrindo Group&rsquo;s business expansion and development strategy outside Indonesia,&rdquo; the management of CUAN and PTRO said in an official statement on Wednesday (25/3).
Tolu Minerals Limited is a gold and copper exploration and development company, with its primary focus on the Tolukuma gold mine in Papua New Guinea, which is targeted to commence production in the near term.
The company also holds a significant portfolio of exploration projects across the Pacific Ring of Fire, a region known for its rich mineral potential, particularly gold and copper.
Founded in 2020, Tolu Minerals is headquartered in South Brisbane, Australia, and its shares are listed on the Australian Securities Exchange (ASX). However, its main operations are located in Papua New Guinea.
In addition to the ASX, Tolu Minerals&rsquo; shares are also traded on the OTC Market in the United States and Deutsche B&ouml;rse in Germany. (DK/ZH)

CUAN and PTRO to buy USD 23.75 million convertible notes in Tolu Minerals for overseas expansion.

Global expansion, CUAN & PTRO to acquire 4.99% stake in Tolu Minerals

JAKARTA &ndash; Antusiasme investor dalam lelang surat utang pemerintah Indonesia turun signifikan setelah pengumuman Morgan Stanley Capital International (MSCI), terkait kelayakan investasi dan potensi penurunan peringkat pasar modal Indonesia.
Data Bloomberg mencatat rasio bid-to-target, yang menghitung angka permintaan (bid) terhadap nilai total penawaran obligasi, dalam lelang Selasa kemarin yang berada di level 2,32.
Angka itu turun dari rasio bid-to-target dalam lelang 20 Januari 2026 lalu, yang berada di level 2,5.
Seperti disampaikan IDNFinancials.com sebelumnya, MSCI menahan rebalancing saham Indonesia dalam indeks global, serta membuka potensi penurunan peringkat dari emerging market ke frontier market.
Pengumuman itu disambut dengan aksi jual bersih (net sell) investor asing, hingga mencapai US$202 juta dalam dua hari. Sementara net sell asing di pasar saham mencapai Rp13,9 triliun dalam sepekan kemarin atau setara US$830 juta.
Merespons aksi jual di pasar obligasi dan saham, pemerintah Indonesia bersama regulator segera merombak sejumlah aturan agar sesuai dengan standar investor global.
Laporan Bloomberg mencatat pasar obligasi Indonesia sebelumnya telah menghadapi tekanan akibat pelebaran defisit fiskal, pelemahan nilai tukar rupiah terhadap dolar Amerika Serikat (AS), hingga independensi bank sentral.
Badan Pengelola Investasi (BPI) Danantara, dalam laporan outlook 2026 juta telah menyampaikan pasar saham memberikan imbal hasil yang lebih menarik dibandingkan dengan obligasi, berdasarkan data performa 2025.
Data Bloomberg menunjukkan yield obligasi pemerintah Indonesia untuk tenor 10 tahun, naik sekitar 25 basis poin sejak awal tahun menjadi 6,31%. (KR)

Rasio permintaan terhadap total obligasi pemerintah yang ditawarkan mencapai level terendah setahun.