TBIG to Issue Shelf Registered Bond
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TBIG to Issue Shelf Registered Bond

Tower Bersama Infrastructure Tbk (TBIG) will issue Shelf Registered Bond II Phase
III 2017 worth IDR 700 billion. Proceeds will be used to pay part of its subsidiary
Solusindo Kreasi Pratama (SKP) liability to creditors.

TBIG management said, SKP has received Revolving Loan Facility Serial B worth USD 1
billion. As of June 30, 2017, the financial liability reached USD 90.3 million.

“With the partial repayment to creditors through United Overseas Bank Ltd as an
agent, the liability is considered to be paid off,” said the management in the
prospectus.

Total debt of TBIG and its subsidiary entity that will mature in the next three
months is USD 396.72 million. The debt will be repaid by bond issuance proceeds and
cash flow from the company’s operations. In the first half of 2017, the company’s
cash position reached IDR 190.59 billion.

The idAA- Bond rated from Fitch Ratings Indonesia will be issued with three years
tenor and interest rate of 8.4 percent per annum. The company appointed CIMB
Sekuritas Indonesia, DBS Vickers Sekuritas Indonesia, and Indo Premier Sekuritas as
underwriters. The period of public offering will take place on September 11 to 13,
2017. (*)

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