PT Tower Bersama Infrastructure Tbk (TBIG) Announces Rupiah Bond Issuance
JAKARTA, 11 August 2022 – PT Tower Bersama Infrastructure Tbk ("TBIG") announces that it has closed its Continuous Rupiah Bond V Phase IV Year 2022 (“TBIG Bond V Phase IV”) under its IDR15 trillion Bond V Program.
The TBIG Bond V Phase IV have a total issuance size of IDR2.2 trillion consisting of IDR1,478.61 billion at a fixed interest rate of 4.10% for a tenor of 370 days and IDR 721.39 billion at a fixed interest rate of 6.35% for a tenor of 3 years. The TBIG Bond V Phase IV 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 IV will be listed on the Indonesian Stock Exchange on 12 August 2022.
Total gross debt as of 31 March 2022, valuing USD loans at their hedged exchange rate, was IDR27,730 billion and gross senior debt was IDR4,211 billion. Cash balances as of 31 March 2022 were IDR720 billion, resulting in net debt of IDR27,010 billion and net senior debt of IDR3,491 billion. Using the first quarter 2022 annualized EBITDA, the net debt to EBITDA ratio is 4.7x.
“Post this issuance, we still have the ability to issue up to IDR7.945 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 Bersama Digital Infrastructure Asia.
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
