Tower Bersama to repay Rp 4.5 billion current debt
JAKARTA - PT Tower Bersama Infrastructure Tbk (TBIG) will repay Rp 4.5 trillion in current debt in the form of bonds maturing this year.
Based on the company's financial report, most of Tower Bersama's current debt is in the form of current bonds amounting to Rp 2.15 trillion, followed by payable liabilities such as tower development costs, interest expenses, employee salaries, and tower maintenance costs amounting to Rp 1.17 trillion.
According to Tower Bersama Director Helmy Yusman Santoso, part of the current liabilities have been repaid using the company's internal cash, including other debt that will mature later this year. "For example, we have prepared funds to repay a rupiah bond maturing next week," he said as quoted by Kontan.co.id, Sunday (19/4)/
As shown in data from the Indonesian Central Securities Depository (ICSD), the company has three debts that will mature in 2020: Shelf-Registered Bond II Tower Bersama Infrastructure Phase II/2017 worth Rp 700 billion maturing on April 21, Shelf-Registered Bond III Tower Bersama Infrastructure Phase III/2019 worth Rp 750 billion maturing on June 4, and Shelf-Registered Bond II Tower Bersama Infrastructure Phase III/2017 worth Rp 700 billion maturing on September 19. (ARM/MS)