Merdeka issues IDR 4.12 trillion bonds. Merdeka Copper Gold stock is valued at IDR 55.2 trillion

Published on 10/19/2026 at 11:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

US$195.00 million repays debt on October 27, 2026. Merdeka Copper Gold stock was last at EUR 0.11 on October 16, 2026 after EUR 0.13.

Debt funding and operating recovery

Merdeka Copper Gold offered IDR 4.12 trillion of bonds on October 16, 2026.
First-half 2026 revenue rose 64.00 percent to USD 1.40 billion.
Merdeka Copper Gold stock was last at EUR 0.11 on October 16, 2026.
PEFINDO affirmed an idA+ rating on October 5, 2026.

Merdeka Copper Gold, ID1000134406, Illustration mit AI erstellt.

Merdeka Copper Gold (ISIN ID1000134406) offered IDR 4.12 trillion of bonds on October 16, 2026, with proceeds directed mainly toward debt repayment. Kontan reported that the offering carries fixed coupons of 8.25 percent for Series A and 10.00 percent for Series B.

Debt repayment sets the immediate focus

Most of the proceeds are earmarked for a USD 195.00 million revolving credit facility, with repayment scheduled for October 27, 2026. A further IDR 614.90 billion is allocated toward the repayment of bonds maturing on December 15, 2026, according to Kontan. The structure links the new financing directly to near-term refinancing needs rather than to a new mining acquisition.

What does the operating recovery show?

The company entered the bond offering from a stronger first-half base. Its September 26, 2026 financial statement showed revenue of USD 1.40 billion in the first half of 2026, up 64.00 percent from USD 855.00 million in the first half of 2025, while EBITDA rose 191.00 percent to USD 512.00 million. Profit attributable to owners reached USD 102.00 million after a USD 16.00 million loss in the year-earlier period, according to Merdeka Copper Gold.

Three dated steps in the story

On September 26, 2026, the company reported the return to profit and gold production of 66,814 ounces in the first half. On October 5, 2026, the SLNC feed preparation plant began operations, with the first HPAL autoclave commissioning following on September 26, according to Merdeka Copper Gold. On October 16, 2026, the company offered the IDR 4.12 trillion bond issue.

Dates for bond investors

The electronic distribution is scheduled for October 20, 2026, and listing on the Indonesia Stock Exchange is scheduled for October 21, 2026, according to Kontan. The next balance-sheet test arrives with the October 27 repayment date.

Credit quality meets execution risk

Petromindo reported that PEFINDO affirmed Merdeka Copper Gold's idA+ corporate rating on October 5, 2026 with a stable outlook. The rating agency cited diversified operations and reserves, while identifying capital structure, commodity prices and project execution as constraints. That combination makes the bond schedule and production ramp-up the key linked issues for the stock.

Frankfurt quotation on October 16

The Frankfurt quotation was EUR 0.11 on October 16, 2026 at 11:06 a.m. CEST, versus EUR 0.13 previously. The primary listing is on the Indonesia Stock Exchange, where the stock ticker is MDKA.