PTPP Pays Bonds And Sukuk On Time Worth IDR 1.25 Trillion

JAKARTA - PT PP (Persero) Tbk (PTPP) has made payments for Shelf-Registered Bonds III Phase I of 2021 Series A worth IDR 850 billion and Shelf-Registered Sukuk Mudharabah I Phase I of 2021 Series A worth IDR 400 billion due on July 2, 2024.

This state-owned construction and investment company stated that the maturing bonds and Sukuk Mudharabah were the result of the Sustainable Public Offering carried out by the Company in 2021 with a tenor of 3 years and coupons or a profit sharing of 8.5 percent per year.

President Director of PTPP (Persero) Novel Arsyad said that fulfilling this maturity obligation is a form of PTPP's commitment as an open company that always prioritizes and applies good corporate governance principles and can fulfill company obligations.

"Alhamdulillah, on July 1, 2024, we have transferred funds to the KSEI account as the payment of the Bonds and Sukuk Mudharabah which is due on July 2, 2024, with this step showing PTPP's commitment to maintaining company financial stability and efforts to restore investor confidence levels in the Construction BUMN," Novel quoted Antara as saying.

As an open company that always prioritizes and applies the principles of corporate governance, PTPP will always be committed to fulfilling the company's obligations. After this payment, it is hoped that it can have a positive impact on PTPP's financial performance in the future, especially on strengthening the company's financial position.

Currently, PTPP has 7 integrated business lines ranging from upstream, middlestream to downstream, which include energy, property, infrastructure, construction services, Engineering, Procurement and Construction (EPC), heavy equipment and preprints.

The company has a solid track record and has won awards for port construction projects, power plants, airports, dams, and buildings in Indonesia.

In addition, the company is a pioneer in the Eco-Friendly Green Building concept in Indonesia which has won several local and international awards for its work.

The company listed its shares on the Indonesia Stock Exchange on February 9, 2010, with 49 percent public ownership. In 2015, the company listed shares of its subsidiaries PT PP Properti Tbk (emiten code: PPRO) on the Indonesia Stock Exchange as much as 35 percent. To support sustainable growth in the future, PTPP expanded in the energy and infrastructure sector in 2016.