Get Ready, Garuda Indonesia Shares Soon Can Be Traded Again

President Director of Garuda Indonesia, Irfan Setiaputra. (Mery Handayani/VOI)

JAKARTA - Suspensi or temporary suspension of trading in shares of PT Garuda Indonesia (Persero) Tbk will be opened. This is after Garuda Indonesia plans to fulfill its promises to creditors by issuing sukuk and bonds. Since June 2021, the Indonesia Stock Exchange (IDX) has temporarily suspended trading of issuer securities with GIAA stock code across the market. Meanwhile, the issuance of sukuk and bonds is one of the conditions that Garuda Indonesia's stock trading can be opened. Main Director of Garuda Indonesia, Irfan Setiaputra said that the opening of Garuda's stock trading suspension is actually the authority of the IDX operator. "But we hope that what we are doing today with investment that goes into our treasury and also our activities carry out the execution of homologation agreement, including later the sukuk hopefully this can make the authority then release our stock suspension," said Irfan to reporters, Monday, December 26. Irfan explained that GIAA's stock suspension was due to the default of the sukuk previously published. However, said Irfan, Garuda with the current conditions is committed to creditors to fulfill all homologation agreements. But unfortunately, Irfan is reluctant to explain in detail how much value the sukuk will be issued. However, the new sukuk holder is an old sukuk holder. "The sukuk holder at that time is in accordance with the homologation will be published new sukuk for those whose values are in agreement with homologation agreement. We will later convey the value separately," he explained. Furthermore, Irfan also admitted that he believes that Garuda could issue sukuk and bonds this week. Although in 2022 there will only be a few more days left. Can this month, this week (sukuk planting). The peace proposal must be completed this year, "he said.