JAKARTA. PT Pelabuhan Indonesia (Persero), also known as Pelindo, has bought back some of the global senior notes with a total transaction worth USD 58.27 million or approximately IDR 900.2 billion.

According to the official statement received by IDNFinancials, these senior notes have a principal of USD 1.1 billion with an interest rate of 4.25%, and it will mature in 2025. The amount of notes that had been bought will be equal to 5.30% of total outstanding notes.

“As a result of the buyback, the total outstanding notes is down to USD 1.04 billion,” the management of Pelindo mentioned in the official statement.

The source of the money that will be used by Pelindo to repurchase those senior notes is not disclosed. However, according to IDNFinancials data, Pelindo recorded cash and cash equivalent of IDR 14.05 trillion until September 30, 2022. The total assets were recorded to IDR 118.99 trillion, whereas the equity was totaled to IDR 40.19 trillion. (KR/ZH)