PT Tower Bersama Infrastructure Tbk (TBIG) Announces Rupiah Bond Issuance

Posted on 10th December 2021

JAKARTA, 10 December 2021 – PT Tower Bersama Infrastructure Tbk ("TBIG") announces that it has closed its Continuous Rupiah Bond V Phase II Year 2021 (“TBIG Bond V Phase II”) under its IDR15 trillion Bond Program.

The TBIG Bond V Phase II have a total issuance size of IDR 1.455 trillion at a fixed interest rate of 3.60% for a tenor of 370 days. The TBIG Bond V Phase II will constitute senior unsecured obligations of TBIG and have quarterly coupon payments.  The use of net proceeds will be to partially repay the Company’s existing financial liabilities, in particular, the USD200 million Revolving Credit Facility and the USD375 million Revolving Credit Facility of our Credit Facilities.

The TBIG Bond V Phase II will be listed on the Indonesian Stock Exchange on 13 December 2021.

Total debt as of 30 September 2021, valuing USD loans at their hedged exchange rate, was Rp27,142 billion and gross senior debt was Rp11,416 billion while cash balances were Rp842 billion, resulting in net debt of Rp26,300 billion and net senior debt of Rp10,575 billion. Using the third quarter 2021 annualized EBITDA, the net senior debt (hedged rate) to EBITDA ratio is 1.9x, and net debt (hedged rate) to EBITDA ratio is 4.7x.

“Our business has strong cash flow visibility and robust growth and we will look to regularly access the Rupiah bonds markets as our business continues to grow. Post this issuance we still have Rp12.345 trillion available under the bond program, which is valid until August 2023,” commented Helmy Yusman Santoso, CFO of TBIG.

 

About PT Tower Bersama Infrastructure Tbk:

PT Tower Bersama Infrastructure Tbk (“TBIG”), is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia.

TBIG is publicly listed on the Indonesian Stock Exchange and is majority owned by Saratoga Group and Provident Capital.

For more information contact:

Corporate Secretary:

Helmy Yusman Santoso – Tower Bersama Group

Telp. (62-21) 2924 8900

Email: corporate.secretary@tower-bersama.com

Investor Relations:

Veronica Jordan

Telp. (62-21) 2924 8900

Email: veronica.jordan@tower-bersama.com

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