Competitive TBIG Bonds from Price Facets

By : Wiyanto Dan Aldo Bella Putra | Friday, July 06 2018 - 16:00 IWST

PT Tower Bersama Infrastructure Tbk (TBIG) (ist)
PT Tower Bersama Infrastructure Tbk (TBIG) (ist)

INDUSTRY.co.id - Jakarta - PT Tower Bersama Infrastructure Tbk (TBIG) said that bond prices are very competitive with the dominance of the rupiah currency.

 "We are very happy to enter the Rupiah bond market at competitive prices. Our current leverage is still far below our bond limitations for no higher than 6.25x for the ratio of total loans (measured using the hedge rate) to last quarter's updated BITDA, "commented Helmy Yusman Santoso CFO TBIG in Jakarta, Friday (6/7/2018).

Ongoing III phase bonds in 2018, the target of Rp608 billion can be collected.

He said as of March 31, 2018, total gross debt of the Company, if the portion of borrowings denominated in US Dollar currency was measured at hedge rate, amounting to Rp18,084 billion and total senior loans (gross senior debt ) amounting to Rp12,138 billion.

"With a cash balance of Rp926 billion, the total net debt of Rp17,158 billion and the Company's total senior net net senior loan amounted to Rp11,212 billion. Using EBITDA in the first quarter of the year, the net senior loan to EBITDA ratio was 3.1x and net lending to 4.8x.EBITDA, "he said.

News Comment

Today's Industry

Coordinating Minister for the Economy Airlangga Hartarto. (Photo: BPMI Setpres)

Sabtu, 25 Maret 2023 - 20:00 WIB

The Government Maintains Availability and Price Stability of Staples Ahead of Eid

Indonesian President Joko Widodo (Jokowi) instructed his staff to take steps to prepare and anticipate the availability and price stability of basic commodities ahead of Eid al-Fitr. 

PBNU Chairman Yahya Cholil Staquf accompanied by Minister of Religion Yaqut Cholil Qoumas gives a press statement after meeting with President Jokowi at Merdeka Palace, Jakarta, Friday (24/03/2023). (Photo: BPMI Setpres/Lukas)

Sabtu, 25 Maret 2023 - 18:51 WIB

President Jokowi Receives PBNU Chairman

Indonesian President Joko Widodo (Jokowi) received the general chairman of the Nahdlatul Ulama Board (PBNU), Yahya Cholil Staquf, at the Merdeka Palace, Jakarta, Friday (24/03/2023). 

President Jokowi when receiving the Palestinian Ambassador to Indonesia, Zuhair Al-Shun, at the Merdeka Palace, Jakarta, on Friday (24/03/2023). (Photo: BPMI Setpres/Lukas)

Sabtu, 25 Maret 2023 - 17:43 WIB

Meet President Jokowi, Palestinian Ambassador Appreciates Indonesia's Endless Support

Indonesian President Joko Widodo (Jokowi) received the Palestinian Ambassador to Indonesia, Zuhair Al-Shun, at the Merdeka Palace, Jakarta, on Friday (24/03/2023). 

American Express Travel's 2023 Global Travel Trends Report

Sabtu, 25 Maret 2023 - 16:36 WIB

American Express Reveals 2023 Top Travel Trends

American Express Travel® released their 2023 Global Travel Trends Report today, highlighting four global trends inspiring people to travel this year.

Source www.ekon.go.id

Sabtu, 25 Maret 2023 - 15:22 WIB

Encouraging Supply Chain Integration in the Textile and Textile Products (TPT) and Footwear Industries, the Government Prepares Various Policies

Despite facing tough challenges and the threat of recession, the Indonesian economy grew positively by 5.31% (yoy) in 2022.