PT Tower Bersama InfrastructureTbk (TBIG) announces the Investment-Grade rating of the TBIG 2025 Notes

Posted on 29th December 2020

JAKARTA, 29 December 2020 – PT Tower Bersama Infrastructure Tbk ("TBIG") announces that its existing US$350 million 4.25% Senior Unsecured Notes due in 2025 (the “2025 Notes”) have been assigned a ‘BBB-‘ investment grade rating by Fitch Ratings. 

The 2025 Notes was issued on 21 January 2020 and are listed on the Singapore Stock Exchange (SGX).

“In November 2020, Fitch Ratings upgraded our Long-Term Foreign- and Local-Currency Issuer Default Ratings to an investment grade rating of 'BBB-'. At the same time, Fitch Ratings Indonesia also upgraded our National Long-Term Rating to 'AA+(idn)' with a ‘Stable’ Outlook,” commented Helmy Yusman Santoso, CFO of TBIG.

Helmy added, “Despite a challenging year with the global COVID-19 pandemic, our business has demonstrated its resilience with robust organic growth.  We continue to have strong cash flow visibility with our long-term agreements with our telecommunication customers.  During 2020, TBIG has de-levered despite high growth and the payout of the 2019 final dividend.”

 

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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