PT Tower Bersama InfrastructureTbk (TBIG) Announces Rupiah Bond Issuance

JAKARTA, 9 April 2021 – PT Tower Bersama Infrastructure Tbk ("TBIG") announces that it has closed its Continuous Rupiah Bond IV Phase IV Year 2021 (“TBIG Bond IV Phase IV”).

The TBIG Bond IV Phase IV have a total issuance size of Rp970 billion at a fixed interest rate of 5.50% for a tenor of 370 days. These bonds will have quarterly coupon payments. The TBIG Bond IV Phase IV will constitute senior unsecured obligations of TBIG.  The use of net proceeds will be to partially repay the Company’s existing financial liabilities, in particular, the USD375 million Revolving Credit Facility of our Credit Facilities.

The TBIG Bond IV Phase IV will be listed on the Indonesian Stock Exchange on 12 April 2021.

Total debt as of 30 September 2020, valuing USD loans at their hedged exchange rate, was Rp22,407 billion and gross senior debt was Rp10,200 billion while cash balances were Rp574 billion, resulting in net debt of Rp21,833 billion and net senior debt of Rp9,625 billion. Using the third quarter 2020 annualized EBITDA, the net senior debt (hedged rate) to EBITDA ratio is 2.04x, and net debt (hedged rate) to EBITDA ratio is 4.63x, well within our bond covenants of not more than 6.25x for gross debt (hedged rate) over last quarter annualised EBITDA.

“We are please to announce that we again able to access the Rupiah bond market with sizeable issuance size and low pricing.  We continue to have strong cash flow visibility and robust growth and we expect to continue to access the Rupiah bonds markets as our business continues to grow,” 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