J Resources is gearing up for its bond payment worth IDR 335 billion

PT J Resources Asia Pasifik Tbk (PSAB) had prepared the funds to pay back its bonds of IDR 335 billion.

In an official statement released on Friday (6/8), the management specified that the bonds to be repaid are Shelf-Registration Bond I J Resources Asia Pasifik Phase 5 Series A Year 2020. The said bonds would mature on August 10, 2021. This bond was initially offered on July 30, 2020, with a 370-days tenor and a 9.25% interest.

The company had sent the required funds to Indonesia Central Securities Depository (lit. Kustodian Sentral Efek Indonesia/KSEI) last Friday, August 6, 2021.

By preparing the funds to repay the Bonds Phase 5 Series A on time, the company wishes to maintain the shareholders, stakeholders, investors trust in J Resources.

 

Source:https://www.idnfinancials.com/news/40097/resources-gearing-bond-payment-worth-idr