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Tunas Baru Lampung spends IDR 20.19 billion for bond buyback

09 August 2021 14:18

JAKARTA – PT Tunas Baru Lampung Tbk (TBLA) repurchased its Shelf-Registration Bond I Phase 2018 worth IDR 1 trillion for IDR 20.19 billion last week (6/8).

In the information disclosure, quoted Monday (9/8), Sudarmo Tasmin, Vice Director of Tunas Baru Lampung, claims that the repurchased bonds would be stored by the company. “The purchasing price is approximately 100.1625% of the total bonds initially purchased for IDR 20 billion,” Tasmin adds.

The Bond I Phase I 2018 was first listed on the exchange on April 28, 2019, with a 9.5% annual interest and maturity date on March 29, 2023. The coupon payment would be made every three months until 2023. As of December 2020, TBLA’s cash was reported to amount to IDR 479.57 billion, proliferating from IDR 400.67 billion reported in December 2019. Its total bond was also increasing to IDR 4.79 trillion from IDR 4.28 trillion. (LK/ZH)

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