JAKARTA. PT Pegadaian has prepared IDR 3.22 trillion budget to pay off 4 bonds that will mature in May 2023. The money will be taken out of bank loans.

The bonds of Pegadaian that will mature in May 2023 consist of two bonds worth IDR 2.5 trillion and another two sukuk mudharabah worth IDR 720 billion.

Zulfian Adam, Head of Treasury Division of Pegadaian, claimed that Pegadaian will pay off principals of these securities using bank loans and sharia bank loans. “The remaining credit limit of bank and sharia bank loans until April 2023 is projected to cover the outstanding bonds,” he added in the information disclosure in Indonesia Stock Exchange today (7/3).

Specifically, these maturing securities are Series A of the Shelf-Registration Bonds V of Pegadaian Phase I Year 2022 worth IDR 2.43 trillion that will mature on May 6, 2023, as well as Series B of Shelf-Registration Bonds IV of Pegadaian Phase I Year 2020 of IDR 70 billion that will mature on May 13, 2023.

Meanwhile, the maturing sukuk mudharabah consists of Series A of Shelf-Registration Sukuk Mudharabah II of Pegadaian Phase I Year 2022 of IDR 671 billion that will mature on May 6, 2023, as well as Series B of Shelf-Registration Sukuk Mudharabah I of Pegadaian Phase I Year 2020 worth IDR 49 billion that will mature on May 13, 2023. (AM/ZH)