PT Sorik Marapi Geothermal Power, founded in 2011 and based in Indonesia, is dedicated to harnessing geothermal energy to provide sustainable power solutions. The company specializes in the development and operation of geothermal power plants, contributing to the country’s renewable energy goals.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
PT Sorik Marapi Geothermal Power began issuing bonds in 2017 to finance its geothermal projects, with its most notable issuance being a $200 million bond in 2020, aimed at expanding its operations. This issuance attracted significant investor interest due to its competitive yield of 5.5%, which was favorable against the average industry yield of 6.2%. The bonds are structured with a maturity of 10 years and include features that promote liquidity, making them attractive in the market. Recent news highlights the company’s commitment to increasing its geothermal capacity, further bolstered by its successful bond offerings.