Tunas Baru Lampung to perform securities buyback, preparing IDR 350 billion
JAKARTA. PT Tunas Baru Lampung Tbk (TBLA) announced the plan of repurchasing its Shelf-Registration Bond I Phase I Year 2018 with a budget of IDR 350 billion.
Sudarmo Tasmin, Vice President Director of TBLA, explained that the said bond has a principal value of IDR 1.5 trillion. In the information disclosure in Indonesia Stock Exchange, Tasmin claimed that this securities buyback is a way to “conclude the payment earlier.”
The offering period for the said securities buyback was scheduled from November 8 to 10, 2021. This transaction would follow on November 22, 2021.
According to idnfinancials.com data, TBLA’s securities to be repurchased has a fixed interest rate of 9.5% per year and would mature on March 29, 2023.
As of June 30, 2021, TBLA was reported to own cash and cash equivalent of IDR 353.98 billion, while its total assets amounted to IDR 19.73 trillion. (KR/ZH)