JAKARTA – PT XL Axiata Tbk (EXCL), a telecommunication operator, will repay its financial obligations, maturing in 2023, to several different banks. The total of said obligations reaches IDR 7 trillion, owed to four national banks.
Quoting the information disclosure today (12/9), the money needed to fund this repayment will be sourced out from the proceeds of the rights issue, which has been scheduled for December 2-9, 2022. In this corporate action, EXCL plans to issue 2.75 billion shares of IDR 100 each.
EXCL still owes PT Bank Permata Tbk (BNLI) two facilities. The first one is worth IDR 1 trillion, plus the interest rate of JIBOR + the minimum margin of 0.8% per annum, which is due April 8, 2023. There is also another IDR 1.35 trillion plus the interest rate of 3-months JIBOR + a margin of 1.5% per annum, which will mature on June 25, 2026.
Then, EXCL also must repay the facilities owed to PT Bank Central Asia Tbk (BBCA) of IDR 900 billion, equipped with an interest rate of 3-months JIBOR + a margin of 1.5% per year, by September 7, 2023, and another IDR 1.2 trillion, with an interest rate of 3-months JIBOR + a margin of 1.5% per year, by November 4, 2025.
Furthermore, EXCL has received a facility from PT Bank UOB Indonesia worth IDR 1 trillion, with an interest rate of 3-months JIBOR + a margin of 1.5% per year, which is due January 8, 2023. It also needs to repay the facility granted by MUFG Bank Ltd of IDR 1.55 trillion, with an interest rate of JIBOR + a maximum margin of 0.75% per year, by December 9, 2023. (LK/ZH)