JAKARTA. The management of PT PP (Persero) Tbk (PTPP) has prepared funds amounting to IDR250 billion to pay off PTPPs Shelf Registration Bonds I Phase I Year 2019 Series B which will mature on November 27, 2024.
PTPP Finance Director Agus Purbianto said the IDR250 billion will be paid through KSEI on November 26, 2024. The obligation to fulfill payments on time and in the right amount is a commitment of the Companys Management, he added in an information disclosure, Monday (9/23/2024).
Agus explained that the source of funds for the repayment of the bonds came from within the company. Until the end of June 2024, PTPP was recorded as having cash and cash equivalents of IDR4.33 trillion.
TheShelf Registration Bonds I PTPP Phase I Year 2019 Series B have an idA+ Single A Plus rating with an interest coupon of 8.5% per year. In addition, PTPP also has short-term PTPP bonds and sukuk Mudharabah debts reaching IDR1.71 trillion and Rp400 billion. While long-term bonds debts amounting to IDR2.08 trillion and long-term sukuk Mudharabah amounting to IDR591.75 billion. (AM/LM)