JAKARTA – PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) and PT Trans Jabar To (TJT), a subsidiary of PT Waskita Toll Road (WTR), agree to change the payment period of the investment credit interest of IDR 1.82 trillion. Ratna Ningrum, the Senior Vice President and Corporate Secretary of PT Waskita Karya (Persero) Tbk (WSKT), conveys the news in the information disclosure, quoted Thursday (1/7).
It is mentioned that the relaxation of this facility interest reaches 9% per year. It would be divided into two phases, with the payment made every quarter until March 2022. An annual 3% interest payment would be installed in June, September, and December 2021. The remaining 6% interest payment would be postponed, taking place from March 2022 until March 2025, prorated every three months. “The interest rate is reviewable,” Ningrum adds.
TJT is a subsidiary of WTR, which owns 99.99% of TJT, while WSKT controls 81.475% of WTR. This relaxation of an interest-during-construction (IDC) of the investment credit was finalised yesterday (29/6).
“The third addendum of this credit facility is expected to pose a positive impact on the company’s financial restructuring processes and business activities in the future,” Ningrum states. (LK/ZH)