The effect of the weakening of the rupiah continues to make Waskita Karya, Tbk (WSKT IJ) reassessment plan bond issuance worth IDR3.5Trn. Now, the debt will rise in 3Q18 to cover short-term debts that will soon be due. In the financial report 1Q18, recorded total short-term debt reached IDR51.2Trn. Short term debt reached IDR18.07Trn. Debt non-bank financial institutions IDR1.53Trn. While the bank’s long term debt that matures within a year was IDR4.04Bn.
Although market conditions are not conducive, company still benefiting the debt in rupiah. So, the weakening of the rupiah that is happening there is not getting cash erode state-owned enterprises. To keep its financial condition, company also do contract in the purchase of some of the main construction material of the project. That way, the price is set according to agreement when bound supplier contracts.