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Timah prepares Rp 600 billion to pay off its bonds

25 September 2020 09:25

JAKARTA. PT Timah Tbk (TINS) has prepared funds to pay off the principal of its Rp 600 billion bonds which will mature on 28 September 2020.

Corporate Secretary of TINS Muhammad Zulkarnaen said that the bonds are Timah's Shelf Registration Bond I Phase I/2017 series A and Shelf Registration Sukuk Ijarah I Phase I/2017 series A.

Muhammad Zulkarnaen explained that the source of funds was the company's internal cash. This payment will not interfere with the company's business since the company has good cash flow. "The funds are prepared in our bank account," he said as quoted from Bisnis.com, this week.

Timah's Shelf Registration Bond I Phase I/2017 series A has a principal of Rp 480 billion and a gross interest of Rp 10.2 billion. Meanwhile, the Shelf Registration Sukuk Ijarah I Phase I/2017 series A has a principal of Rp 120 billion with a gross profit-sharing of Rp 2.55 billion.(AM/AR)

 
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