JAKARTA – Jababeka International BV (JIBV), a subsidiary of PT Jababeka Tbk (KIJA), would offer another bond worth USD 350 million to cover the previous bond of USD 300 million maturing in 2023. Corporate Secretary of Jababeka, Budianto Liman, announces the news in the information disclosure, quoted Monday (26/7).
It is mentioned that the new bond would equal 4.39 trillion in rupiah using the currency exchange rate of IDR 14,105/USD. The value is equivalent to 7.86% of KIJA’s equity reported in December 2020 of IDR 6.26 trillion. Thus, this bond issuance would give each companies’ assets and liability a lift by 40% to IDR 17.13 trillion and IDR 10.75 trillion.
After paying off the bond that matures in 2023, KIJA would channel the remaining proceeds to capital expenditure and support operational costs. The said issuance would be further decided during the Extraordinary General Shareholders Meeting on August 31, 2021.
As of June 2021, KIJA’s authorised capital is at IDR 2.10 trillion, issued and paid-up capital IDR 1.50 trillion, and stock in portfolio IDR 591.53 billion. The stockholders comprise Mu’min Ali Gunawan 21.09%, Islamic Development Bank 11.72%, Hadi Rahardja (commissary) 2.79%, Setiawan Marjuki (director) 0.17%, treasury stock 1.4%, and the public 62.83%.
JIBV is established in 2012, located in Amsterdam, the Netherlands. Its authorised capital is reported to reach EUR 90,000, issued and paid-up capital EUR 18,000, and stock in portfolio EUR 72,000. (LK/ZH)