JAKARTA - TBG Global Pte Ltd, a subsidiary of PT Tower Bersama Infrastructure Tbk (TBIG) aims to gain US$ 850 million by issuing Global Bond.
Based on the company's disclosure of information, the funds will be used for investment, such as loan facilities and capital placed at Tower Bersama Singapore Pte Ltd (TBS). TBS shares are 100% owned by TBG Global Pte Ltd. The bonds will mature in 2029 with an interest rate of 8% per year and the payment term for the interest rate is six months.
In December 2018, TBG assets were recorded at Rp. 5.18 trillion, higher than Rp. 4.85 trillion recorded in 2017. Its liabilities were recorded at Rp. 5.18 trillion, growing from Rp. 4.84 trillion recorded in 2017, and its equity was recorded at Rp. 433 billion, down from Rp. 517 billion recorded in 2017. The company's revenues were recorded at Rp 297.53 billion, down from Rp 413.36 billion recorded in 2017. (LK/AR)