Angkasa Pura II Bonds

By administrator | August 15, 2020 | Infrastructure Transportation.
Angkasa Pura II Bonds
Illustration: Angkasa Pura II Bonds

Angkasa Pura II Bonds. As well as Angkasa Pura II (Persero) officially list. The issuance of sustainable bonds I Angkasa Pura II phase II of 2020 worth IDR 2.25 trillion. On the Indonesia Stock Exchange on Friday trading (14/8/2020). Quoting the official statement of the Indonesia Stock Exchange (IDX), the bonds are officially list.

Which consists of four series. Namely series A with a nominal value of Rp32 billion and a coupon of 7.8 percent with a 3 year tenor. And series B worth Rp.159 billion with a coupon of 8.5 percent with a tenor of 5. year. In addition, series C is worth IDR 1.602 trillion with a coupon of 9.1 percent with a 7-year tenor.

And series D with a nominal value of IDR 457 billion with a 10-year tenor and a coupon of 9.25 percent. These bonds are not guarantee with special guarantees. But are guarantee by all of the company’s assets. Both movable and immovable property. As well as both existing and future ones, which serve as collateral. For these bondholders in accordance with the provisions.

Meanwhile, the rating result from PT Pemeringkat Efek Indonesia (Pefindo) for Phase II Bonds is idAAA. Acting as Trustee in this issue is PT Bank Mega Tbk. The IDX explain that the listing add to the total list Bond and Sukuk issuances. Throughout 2020 to as many as 53 issuances. From 38 Issuers with a value of IDR 42.51 Trillion.

Angkasa Pura Bonds Issuance

Angkasa Pura II Bonds
Illustration: Angkasa Pura II Bonds

Thus, the total Bond and Sukuk issuances listed on the IDX are 442 issuances with an outstanding nominal value of IDR 426.11 trillion and US $ 47.5 million issued by 121 Issuers. Meanwhile, Government Securities (SBN) listed on the IDX totaled 96 series with nominal values ​​of Rp3,185.51 trillion and US $ 400 million.

While 10 EBA emissions were valued at Rp8.37 trillion. This year, Angkasa Pura II is only targeting 39 million passengers. Angkasa Pura II (Persero) has seen positive sentiment at the 19 airports it manages since the government relaxed Large-Scale Social Restrictions (PSBB) even though its activities are still limited to business trips.

Angkasa Pura II President Director Muhammad Awaluddin believes that by the end of the year, the movement of passengers throughout his company’s airports can record movements of up to 39 million passengers and 448,000 aircraft movements. We also prepare bad and worst scenarios if the pandemic does not subside.

Angkasa Pura Worst Case Scenario

With a bad scenario, namely 34.6 million passengers with 409,000 flight movements and the worst case scenario 29 million passengers with 350,000 aircraft movements. Awaluddin said that the portion of passenger aircraft for tourism interests only reached 10-15 percent. This calculation is in line with the government’s efforts.

To open tourist areas for domestic tourists, such as Bali and Labuan Bajo. Meanwhile, the remaining 85 percent to 90 percent are still dominated for travel with business or official affairs. Based on AP II data, passenger movements in the period August 1-August 10 compared to the same period the previous month or month to month grew 46 percent.

Meanwhile, the airport slot utilization rate has reached 40-42 percent. This figure is classified as growing higher than in May 2020 which only reached 20 percent. Meanwhile, in the previous month, namely July 2020, Angkasa Pura II recorded that the number of passengers moving at 19 company-owned airports reached 1 million.

After June 7 ended restrictions on passenger movement, people started moving until now. The numbers are much better than in May, whose slot issue is at the lowest level.

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