JAKARTA – PT PP Presisi Tbk (PPRE) is set to repay the principal and interest on its 2022 bonds maturing on 30 June 2025.

Mei Elsa Kembaren, Corporate Secretary of PPRE, stated that the company has allocated IDR 107.34 billion to settle the principal and coupon of Series A bonds due, as well as the coupon for Series B.

“This fund will be distributed via the Indonesian Central Securities Depository (KSEI) and will be available no later than one working day before the maturity date,” she said, citing the disclosure on Wednesday (4/6).

She explained that the funds to repay the maturing bonds may come from operating cash surplus, bank financing, or refinancing through the capital market.

PPRE issued the Shelf-Registration Bonds I Phase I Year 2022 Series A amounting to IDR 102.27 billion with a fixed annual coupon of 9.5%, maturing on 30 June 2025.

Meanwhile, the Shelf-Registration Bonds I Phase I Year 2022 Series B totalled IDR 100.70 billion with a fixed rate of 10.5%, maturing on 30 June 2027.

As of December 2024, the company held IDR 268.06 billion in cash and cash equivalents, a 69.64% increase from IDR 158.01 billion at the end of the previous year.

PPRE’s net profit also rose 12.33% to IDR 194.09 billion in 2024, up from IDR 172.78 billion in the preceding year. (LK/KR)