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Protelindo to issue bonds of IDR 3.34 trillion to pay back debts

04 November 2021 10:25

JAKARTA. PT Profesional Telekomunikasi Indonesia (Protelindo) would release its Shelf-Registration Bond II Protelindo Phase II Year 2021 of IDR 3.34 trillion. The entire raised funds would be allocated to pay back its debts.

The said bonds would consist of three series, Series A, B, and C,  which are offered 100%. Series A has the face value of IDR 1.01 trillion, equipped with a fixed interest rate of 3.60% and a 370-days tenor, effective since the emission date. Then, the bond payment would be made in its entirety when it is due.

Series B is worth IDR 1.59 trillion, with a fixed interest rate of 5.30% and a three-year tenor since the emission date. Lastly, Series C would be offered for IDR 744 billion in total, completed with an annual fixed interest rate of 6.10% and a five-year tenor since the emission took effect.

The first interest payment would be disbursed on February 19, 2022. Then, the last interest payment, along with the maturity date of Series A, would fall on November 29, 2022, November 19, 2026, for Series B, and November 19, 2026, for Series C.

For the record, Fitch Ratings had granted the upcoming bonds of Protelindo an “AAA” rating. (AM/ZH)

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