JAKARTA. PT Tunas Baru Lampung Tbk (TBLA), a plantation company under Sungai Budi Group, will conduct a bond buyback of IDR 1.3 trillion.
There will be two bonds repurchased by TBLA. The first is the Shelf-Registration Bonds I of TBLA Phase I Year 2018 with a principal value of IDR 999 billion. Then, there will also be the Series A of the Shelf-Registration Bonds I of TBLA Phase II Year 2020 worth IDR 300 billion.
Said plan aligns with the result of the Bondholder General Meeting held by TBLA back on May 18, 2022. Then, the bond buyback will be carried out on June 10 and 15, 2022.
For the 2018 bond buyback, the company prepares IDR 1.02 trillion. Meanwhile, in regard to the buyback of the Series A of the 2020 bonds, TBLA will have IDR 306.7 billion ready.
“The funding for this bond buyback is secured from the company’s internal cash,” the management of TBLA mentioned in the official release.
The bond buyback of TBLA will be carried out using a price at par or 100% with an interest due by the bond repayment date. The buyback will follow the mechanism set by the Indonesian Central Securities Depository (KSEI). (KR/ZH)