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TELE has used Rp 24.43 billion from its bonds issuance proceeds as working capital

24 February 2020 06:05

JAKARTA - PT Tiphone Mobile Indonesia Tbk (TELE) has used Rp 24.43 billion of the proceeds of the issuance of its Shelf Registration Bonds II phase I/2019 (Rp 50.93 billion) as working capital. The remaining Rp 26.50 billion will be used for debt payments. 

As quoted from the company's disclosure published on Friday (21/2), Meijaty Jawidjaja, Director of PT Tiphone Mobile Indonesia Tbk (TELE) confirmed that the company still holds Rp 26.50 billion of the proceeds from the issuance of its bonds.

Previously, problems in the interest payment to bondholders forced the IDX to suspend the trading in TELE shares on 18 February 2020. TELE stated that it had made the payment without going through the mandatory administrative process set by PT Kustodian Sentral Efek Indonesia (KSEI). (LK/AR)

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