JAKARTA -PT Waskita Beton Precast Tbk (WSBP) has paid its cash flow available for debt services (CFADS) phase IV worth IDR 84.57 billion. This obligation payment follows the provisions of Tranche A and B of homologated peace agreement approved by Central Jakarta District Court on September 20, 2022.
Fathur Anwar, Director of Finance, Risk Management, and Legal Affairs of WSBP, confirmed that the payment had been made yesterday (25/9). “The company has the next phase of CFADS payment scheduled on March 25, 2025,” he said in the disclosure quoted Thursday (26/9).
This latest phase of payment consists of payment of coupon of Bond I and II of WSBP Year 2022 of IDR 3.26 billion, interest rate to financial creditors (banks) of IDR 36.96 billion, as well as payment to active and previous trade creditors of IDR 35.37 billion.
For this phase IV payment, there is also an allocation of IDR 8.97 billion from asset disposal on July 19, 23, and 30, 2024. It was split to principal payment to bank creditors of IDR 6.99 billion, as well as principal payment to active and previous trade creditors of IDR 1.11 billion on September 25, 2024.
There are also IDR 631.01 million allocated for the payment of principal of Bond I and II of WSBP Year 2022, and another IDR 228.82 million to PT Bank DKI as the financial creditor, although yet to be distributed and categorised as sinking fund.
Prior to this, WSBP is known to have paid CFADS Phase III on March 25, 2024 worth IDR 76.43 billion. (LK/ZH)