JAKARTA – PT Fast Food Indonesia Tbk (FAST), the KFC fast-food chain owner, seeks bank loans to pay its Bonds II 2016 of IDR 200 billion, maturing November 2021. Dalimin Juwono, the Director of FAST, announced this decision in the information disclosure, quoted Thursday (20/5).
“The company opts for bank loans as the funds’ resource as the company could obtain loans with lower interest and the payment could be made by instalments (term loan),” Juwono admitted.
According to Juwono, the ratings of the company’s bonds would not be affected by using this bank loan facility. The company is currently reviewing the offering of loan facilities from the banks.
As of September 2020, FAST owned a bond of IDR 199.26 billion after exempting the pre-amortised bonds emission. Pefindo gave FAST an idAA (double AA) rating from July 6, 2020 to July 1, 2021. In July 2021, Pefindo would reevaluate this rating. (LK/ZH)