Pegadaian Prepares Bank Loans To Pay Off IDR 2.77 Trillion Debts

JAKARTA - PT Pegadaian plans to pay off debts from the issuance of bonds and sukuk. The total value reached Rp2.77 trillion.

"The source of the funds comes from bank loans," said Head of the Treasury Division of Pegadaian Endah Susiani in an information disclosure to the Indonesia Stock Exchange, Thursday, March 10.

Endah said, Pegadaian, which is a subsidiary of PT Bank Rakyat Indonesia (Persero) Tbk, will pay off the Shelf-Registered Bonds IV Phase IV 2021 Series A and Shelf Registration Sukuk Mudharabah I Phase IV 2021 Series A.

In detail, the Shelf-Registered Bonds IV Phase IV 2021 Series A Rp2.17 trillion on April 16, 2022. "The company will pay off the principal of the Shelf-Registered Bonds IV Phase IV 2021 Series A with the source of funds coming from bank loan facilities," said Endah.

Endah explained, Pegadaian has a projection that the remaining banking ceiling as of April 2022 is sufficient to pay off the bonds.

Meanwhile, the payment of Sustainable Sukuk Mudharabah I Phase IV 2021 Series A amounted to IDR 599.2 billion on April 16, 2022.

The company will pay off the Sustainable Sukuk Mudharabah I Phase IV 2021 Series A sharia banking loan facility. "The projection of the remaining Islamic banking ceiling as of April 2022 is sufficient to pay off the sukuk," Endah explained.