JAKARTA - Shareholders of PT Tunas Baru Lampung Tbk (TBLA) have approved the management plan to issue global bonds worth US$ 400 million. This was conveyed by the Vice President Director of PT Tunas Baru Lampung Tbk (TBLA) in an information disclosure quoted on Wednesday (17/3).
He conveyed that the bonds are due for a period of seven years from issuance with a flat interest rate ranging from 6%-8% per year. "Approved the company’s plan to issue United States Dollar (US $) denominated bonds by the company," he said in the minutes of the EGMS results.
According to him, shareholders also agreed to provide a corporate guarantee for the approval of the plan. Global bonds worth US$ 400 million, equivalent to IDR 5.64 trillion using Bank Indonesia's middle rate as of December 31, 2020, amounting to IDR14,105 per US$ 1.
Based on the brief prospectus, the proceeds from the global bond will be used to pay debts worth US$ 250 million which will mature in 2023 and pay off bonds worth IDR 1.5 trillion which will mature in 2023 and 2025. (LK/LM)