JAKARTA – PT Tridomain Performance Materials Tbk (TDPM), a special material manufacturer, restructures several bonds that will mature this year as a follow-up to the homologated decision made in the Central Jakarta Commercial Court.
Quoting the information disclosure on Wednesday (5/10), the restructured bonds in question are Bonds of TDPM I 2018 and Bonds of TDPM II 2019.
Bonds of TDPM I 2018 will have their maturity date postponed to December 27, 2027, from the initial January 8, 2022. Its interest rate is also down to 2%-4% for the fourth to the sixth year from the initial 10.50% per annum.
The payment of bonds’ principal is also changed from January 8, 2022, to an instalment scheme, ranging from 3% of the total principal on April 18, 2022, to 2.5%, 3%, and 7.5% annual payment in the years following, as well as another 40% in the fifth and sixth year.
On the other hand, Bonds of TDPM II 2019 is also restructured. Its maturity date is pushed back to December 27, 2027, from the original June 28, 2022. Its interest rate to be cut down to 2% of the principal per year from 3%-4% per annum in the fifth and sixth year.
The the payment of principal is also changed from due June 28, 2022, to an instalment scheme, starting from 3% per year on April 18, 2022, then 2.5%, 3%, 5%, and 7.5%, per annum, plus 40% in the fifth and sixth year. (LK/ZH)