TBIG announces rupiah bond issuance
JAKARTA - PT Tower Bersama Infrastructure Tbk ("TBIG") announces that it has closed its Continuous Rupiah Bond V Phase IV Year 2022 (“TBIG Bond V Phase IV”) under its IDR15 trillion Bond V Program.
The TBIG Bond V Phase IV have a total issuance size of IDR2.2 trillion consisting of IDR1,478.61 billion at a fixed interest rate of 4.10% for a tenor of 370 days and IDR 721.39 billion at a fixed interest rate of 6.35% for a tenor of 3 years. The TBIG Bond V Phase IV will constitute senior unsecured obligations of TBIG and have quarterly coupon payments. The use of net proceeds will be to partially repay the Company’s existing financial liabilities, in particular the USD275 million Revolving Credit Facility.
The TBIG Bond V Phase IV will be listed on the Indonesian Stock Exchange on 12 August 2022.
“Post this issuance, we still have the ability to issue up to IDR7.945 trillion in Rupiah Bonds under the TBIG Bond V Program, which is valid until August 2023. We expect to regularly access the Rupiah bond market as the growth of our business continues to be robust,” commented Helmy Yusman Santoso, CFO of TBIG.