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TBIG gears up for its bonds issuance

31 May 2021 07:01

JAKARTA. PT Tower Bersama Infrastructure Tbk (TBIG) is currently in the process of issuing bonds to fund its business expansion. This obligation is targeted to be offered in Q3 2021.

The Financial Director of TBIG, Helmy Yusman Santoso, revealed that his company would fund the business expansion plan by the company with several instruments. “Besides a domestic bond issuance, TBIG would optimise its existing internal cash and obtain a loan facility from banks,” Santoso added in the public expose last weekend.

According to Santoso, this recent bond issuance is awaiting the Financial Authority Services (OJK). Even though the exact date is yet to be set, Santoso projected it to launch in Q3 2021.

Based on its financial report in December 2020, TBIG recorded IDR 5.32 trillion in revenue, increasing 13.3% from IDR 4.69 trillion in 2019. Meanwhile, its net profit also went up 23.1% from IDR 819.45 billion in 2019 to IDR 1 trillion in 2020. (AM/ZH)

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