Two bonds from Indah Kiat Pulp & Paper (INKP) due in September

JAKARTA - This September, PT Indah Kiat Pulp & Paper Tbk (INKP), a paper and cardboard packaging manufacturer, is expected to pay two bond payments simultaneously. The Sinarmas Group subsidiarysShelf Registration BondIV Indah Kiat Pulp & Paper Stage II 2023 Series A is scheduled to mature on September 5th, 2024, with a valuation of IDR 207.05 billion. In addition, INKP will once again distribute IDR 1.05 trillion to the investors ofShelf Registration BondII Indah Kiat Pulp & Paper Stage I 2021 Series B at the end of the month, specifically on September 30. This second payment will also be noted as this months largest bond call payment.

On September 7, another member of Sinarmas Group,PT Sinar Mas Multiartha Tbk (SMMA), a financial services provider, is scheduled to settle a bond debt of IDR 119 billion fromShelf Registration BondII Sinar Mas Multiartha Stage I 2021 Series C. The next day, PT Wijaya Karya Tbk (Persero) (WIKA), also known as PT WIKA, will berequired to distribute IDR 571 billion tocover the paymentsof the Shelf Registration BondII Wijaya Karya Stage I 2021 Series A.

On September 9, when theShelf Registration BondIV Medco Energi Internasional Stage I 2021 Series A, owned by PT Medco Energi Internasional Tbk (MEDC), matures, this issuer engaged in the exploration and production of oil and natural gaswill follow suit. MEDCneeds to distribute IDR 400 billion of freshfunding to the bondholders. The national bank PT Bank KB Bukopin Tbk (BBKP) owns theShelf Registration BondI Bank KB Bukopin Stage I 2021, which also willmature on the same day as MEDC. As a result, this national bank must also get ready to pay its investors a huge sum, up to IDR 1 trillion.

Lastly, September 14 will bethe exact datePT Global Mediacom Tbk (BMTR) bonds aresupposed to mature. The media and broadcasting-focused subsidiary of the MNC Group will settle Shelf Registration BondII Global Mediacom Stage II 2021 Series Bs debt, which amounts to IDR 20.40 billion. (KD)

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