TBLA Paying Off Maturity Bonds. As many as three issuers state their readiness to pay debt securities that are due in the near future. The maturing debt securities amount to Rp 2.03 trillion. The three issuers are PT Tunas Baru Lampung Tbk (TBLA). Tunas Baru Lampung has accelerate the settlement.
Of its III short-term notes (MTN) worth Rp 239 billion. These bonds will be paid in full on October 15, 2020 plus bonus and current interest of 1% of the principal amount of the MTN. Then, PT Bussan Auto Finance (BAF) state its readiness to pay two bonds. President Director of Bussan Auto Finance, Lynn Ramli.
He said the first bond was Bond III Series A Year 2019 worth IDR 300 billion. The company has prepare funds to pay off the principal of the bonds and the funds will be sent to PT Kustodian Sentral Efek Indonesia (KSEI) before the due date, he explain in an information disclosure on Friday (16/10).
In addition, the company has other maturing bonds, namely Bond I Series B Year 2017 worth IDR 350 billion. To pay off the principal of the bonds, the company has also prepare funds and will be sent to payment agents before the due date. The last issuer is PT Waskita Karya Tbk (WSKT).
The company has maturing bonds, namely Series B Bonds Year 2015 worth Rp 1.15 trillion. These bonds will mature on October 16, 2020. These bonds are part of the Sustainable Bonds I Waskita Karya Phase II Year 2015 value at IDR 1.5 trillion. The bonds were issue in two series, namely Series A worth IDR 350 billion.
And Series B worth IDR 1.15 trillion. This sustainable bond is part of the Sustainable Bonds I Waskita Karya with a total value of IDR 2 trillion. Previously, in 2014, the company had issue phase 1 of this bond worth IDR 500 billion. Waskita Karya Director of Finance Taufik Hendra Kusuma.
He said the company has propose relaxation of the supply chain financing (SCF) facility with an extension of 3 to 6 months. This is done to meet short-term financial obligations. Previously, on October 5, 2020, the company paid off the principal of the Sustainable Bonds III Phase I Series A worth IDR 1.37 trillion.
Then, the company will also pay off the principal of the bonds which will mature on October 16, 2020. For bonds maturing on October 16, 2020, the company has receive a bank loan facility which will be use to settle these short-term obligations, he explain.