JAKARTA – PT Tridomain Performance Materials Tbk (TDPM), a chemical products manufacturer, postpones the offering of its Shelf-Registration Bonds and Sukuk I 2021 as it has not yet paid off its Medium Tem Notes (MTN) II 2018 of IDR 410 billion.
Harjono, the President Director of Tridomain Performance Materials, announced the plan would be delayed despite the undergoing Book Building and the acquired permission for the issuance from the Financial Services Authority (OJK). “The company is still attempting to complete its duty while maintaining operational activities as we still have a good fundamental condition,” Harjono asserted through the information disclosure published Friday (7/5).
According to Harjono, the company would pay off MTN II 2018 in many ways and not limited to refinancing, instalment, and restructuring plans.
The MTN II 2018 worth IDR 410 billion is due April 27, 2021, with a fixed interest rate of 10.50% per year. Additionally, the MTN I 2017 of USD 20 million would be due May 18, 2021, with an annual interest rate of 9%. Meanwhile, MTN III 2018 of IDR 250 billion has a due date of July 4, 2021, and interest of 10.50%.
In 2022, TDPM would have the Bonds I 2018 of IDR 100 billion and Bonds II 2019 of IDR 400 billion that would mature on January 8 and June 28, 2022. The interest rate for both obligations would be 10.50% and 10.75% yearly, respectively. (LK/ZH)