Timah prepares IDR 242.19 billion to pay bonds and sukuk

PT Timah Tbk (TINS) draws up IDR 242.19 billion to pay off the principal and interests of Bonds and Sukuk 2017 and Bonds 2019. Director of Financial and Risk Management of Timah, Wibisono, announces the arrangement in the information disclosure, quoted Thursday (26/8).

It is further mentioned that the total funds to be paid to the investors on August 27, 2021, had been tailored to the buyback offering price and accrued interest. Thus, the total payment to be made for Shelf-Registration Bond I Phase I 2017 amounts to IDR 96.99 billion. Meanwhile, the payment for Shelf-Registration Sukuk Ijarah I Phase I 2017 would spend IDR 63.97 billion. Lastly, the Shelf-Registration Bond I Phase II 2019 Series A would take up IDR 81.22 billion.

The Bond I Phase I 2017 was initially offered for IDR 720 billion, but the securities intended to be sold only amount to IDR 94 billion. Sukuk Ijarah I Phase I 2017 was initially offered for 180 billion, only planning to sell IDR 62 billion of it. Then, the Bond I Phase II 2019 was offered for IDR 387 billion, but ending on selling only IDR 79.80 billion of it.

 

Source:https://www.idnfinancials.com/news/40320/timah-prepares-idr-pay-bonds-sukuk