JAKARTA – PT Tower Bersama Infrastructure Tbk (TBIG) offers the Shelf-Registration Bond V Phase I 2021 of IDR 1.2 trillion, starting today (16/7) until July 30, 2021. The said bond is divided into series A and B, each with a 370-days tenor and three-years tenor.
In the information disclosure quoted Friday (16/7), the returns of the bond issuance would be lent to PT Solu Sindo Kreasi Pratama (SKP), a subsidiary of Tower Bersama. The borrowed fund would then be utilised to pay the revolving credit of a USD 375 million facility agreement. It would be sent out to the creditor through Overseas Bank Ltd as the agent.
The said revolving credit has an annual interest margin of 1.85% above LIBOR for domestic credit and 1.75% above LIBOR for international credit. It would mature by January 2025. This facility would be spent on paying off a portion of Facility A of a USD 1 million facility agreement.
As of December 2020, TBIG and its subsidiary reported total liability of IDR 27.21 trillion, consisting of short-term liability of IDR 13.77 trillion and long-term liability of IDR 13.49 trillion.
The company has then appointed four companies as the underwriters. They are PT CIMB Niaga Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT Indo Premier Sekuritas, and PT UOB Kay Hian Sekuritas. PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) would act as the trustee. PT Fitch Ratings Indonesia has granted an “AA+(idn)” or Double A plus rating to the company regarding this corporate action. (LK/ZH)