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

Posted on 2nd March 2022

JAKARTA, 2 March 2022 – PT Tower Bersama Infrastructure Tbk ("TBIG") announces that it has closed its Continuous Rupiah Bond V Phase III Year 2022 (“TBIG Bond V Phase III”) under its IDR15 trillion Bond V Program.

The TBIG Bond V Phase III have a total issuance size of IDR2.2 trillion consisting of IDR1.7 trillion at a fixed interest rate of 3.75% for a tenor of 370 days and IDR0.5 trillion at a fixed interest rate of 5.90% for a tenor of 3 years. The TBIG Bond V Phase III 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 USD275 million Revolving Credit Facility.

The TBIG Bond V Phase III will be listed on the Indonesian Stock Exchange on 4 March 2022.

Total debt as of 30 September 2021, valuing USD loans at their hedged exchange rate, was IDR27,142 billion and gross senior debt was IDR11,416 billion while cash balances were IDR842 billion, resulting in net debt of IDR26,300 billion and net senior debt of IDR10,575 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.

“Post this issuance, we still have the ability to issue up to IDR10.145 trillion in Rupiah Bonds under the TBIG Bond V Program, which is valid until August 2023.  We expect to regularly access the Rupiah bond market as the growth of our business continues to be robust,” 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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