Petrindo Jaya (CUAN) to Launch Phase Two Bonds After 4.5x Oversubscription

Petrindo Jaya (CUAN) to Launch Phase Two Bonds After 4.5x Oversubscription

CUAN recorded a 4.5x oversubscription during the offering period of its Shelf-Registered Bonds I Phase II 2025 and Sustainable Sukuk Wakalah I Phase II 2025.

(Bisnis.Com) 01/01/70 07:00 12417

Bisnis.com, JAKARTA — Coal miner PT Petrindo Jaya Kreasi (CUAN) under Prajogo Pangestu’s Barito Group has gained 95.76% year-to-date (YtD) in 2025, attributed mainly to high investor confidence as evidenced in company’s oversubscribed bonds and sukuk (sharia-compliant bonds).

CUAN opened at IDR 2,180 on Monday (20/10), up from IDR 2,150 at previous close, and then reaching IDR 2,350 on Monday afternoon. Since the start of 2025, the stock has risen 95.76% and soared 256.76% with a price of IDR 2,310 and a market cap of IDR 259.69 trillion.

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