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

JAKARTA, 8 July 2025 – PT Tower Bersama Infrastructure Tbk ("TBIG") announces that it has closed its Continuous Rupiah Bond VII Phase I Year 2025 (“TBIG Bond VII Phase I”) under its newly established IDR20 trillion Bond VII Program and its debut Sukuk Ijarah I Phase I Year 2025 (“Sukuk Ijarah I Phase I’’) under IDR8 trillion Sukuk Ijarah I Program.

The TBIG Bond VII Phase I has a total issuance size of IDR750 billion consisted of IDR201 bilion at a fixed interest rate of 6.75% for a tenor of 3 years and IDR549 billion at a fixed rate of 7.00% for a tenor of 5 years. The TBIG Bond VII Phase I 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 Continuous Rupiah Bond V Phase IV Year 2022 Series B that will be due in August 2025 and the remaining to partially repay the existing IDR loan.

The Sukuk Ijarah I Phase I has a total issuance of a total size of IDR750 billion consisted of IDR80.52 billion remaining amount of ijarah compensation with  ijarah return installments per year of IDR5.435 billion with a term of 3 years and IDR669.48 billion remaining amount of ijarah compensation with ijarah return installments per year of IDR46.864 billion with a term of 5 years.

The TBIG Bond VII Phase I and Sukuk Ijarah I Phase I will be listed on the Indonesian Stock Exchange on 9 July 2025.

Total gross debt as of 31 March 2025, valuing USD loans at their hedged exchange rate, was IDR28,977 billion and gross senior debt was IDR4,324 billion. Cash balances as of 31 March 2025 were IDR550 billion, resulting in net debt of IDR28,427 billion and net senior debt of IDR3,774 billion. Using the first quarter 2025 annualized EBITDA, the net debt to EBITDA ratio is 4.8x and net senior debt to EBITDA ratio of 0.6x. 

 "While we have been active in the Rupiah conventional bond market, we are now thrilled to introduce our debut IDR 8 trillion Sukuk program. This marks a significant addition to our Rupiah financing instruments. We plan to continue accessing the Rupiah bond market under the IDR20 trillion program and IDR 8 trillion Sukuk programs,” commented Helmy Yusman Santoso, CFO of TBIG.