BTN Ready To Pay Due Debt Of IDR 3.5 Trillion

Illustration of rupiah currency. (Photo: Doc. Antara)

JAKARTA - The state-owned company (BUMN) engaged in the financial services sector PT Bank Tabungan Negara Tbk (BTN) has reportedly prepared fresh funds to meet its maturing bond payment obligations of IDR 3.53 trillion.

This information was conveyed by the company to the Indonesia Stock Exchange (IDX) as the capital market authority on Tuesday, March 23. In his statement, the state-owned bank was stated to be going to pay the principal of the bonds which expire in the 2021 period.

Meanwhile, the principal of the debt consisted of three types, namely Bond XV 2011 worth IDR 1.3 trillion which matures on June 28, Continuous Bond II Phase II 2016 Series B amounting to IDR 1.65 on August 30.

And the last one is Continuous Bond IV Phase I 2020 series A IDR 577 billion which will due on August 28.

"Based on the financial position in the last Bank BTN Monthly Financial Report on February 28, 2021, the funds were placed in a placement post with Bank Indonesia through a Bank Indonesia certificate", said BTN.

"Thus we convey this, for your attention and approval, we would like to thank you", concluded the issuer with the BBTN ticker code.