JAKARTA. PT Sumber Alfaria Trijaya Tbk (AMRT), the manager of Alfamart minimarket network, must repay its Rp 1 trillion bonds, which will mature on 26 May 2020.
In addition to paying the principal, AMRT must also pay the 12th interest of the bonds. The bond interest rate is 8.5% per year, which is paid quarterly.
According to data compiled by idnfinancials.com, the bonds are part of AMRT's Shelf Registration Bonds II phase I//2017. 2017. The bonds were issued because AMRT needed funds to cover its Shelf Registration Bonds I phase I/2014.
Fitch Ratings Indonesia gives a rating of 'AA- (idn)', with a maximum bond issuance value of Rp 1 trillion. Meanwhile, AMRT's cash and cash equivalents as of the end of 2019 were recorded at Rp3.9 trillion, 88.41% higher than its record in 2018 of Rp 2.07 trillion. (KR/AR)