Two bonds from Indah Kiat Pulp & Paper (INKP) due in September
JAKARTA - This September, PT Indah Kiat Pulp & Paper Tbk (INKP), a paper and cardboard packaging manufacturer, is expected to pay two bond payments simultaneously. The Sinarmas Group subsidiary's Shelf Registration Bond IV Indah Kiat Pulp & Paper Stage II 2023 Series A is scheduled to mature on September 5th, 2024, with a valuation of IDR 207.05 billion. In addition, INKP will once again distribute IDR 1.05 trillion to the investors of Shelf Registration Bond II Indah Kiat Pulp & Paper Stage I 2021 Series B at the end of the month, specifically on September 30. This second payment will also be noted as this month's largest bond call payment.
On September 7, another member of Sinarmas Group, PT Sinar Mas Multiartha Tbk (SMMA), a financial services provider, is scheduled to settle a bond debt of IDR 119 billion from Shelf Registration Bond II Sinar Mas Multiartha Stage I 2021 Series C. The next day, PT Wijaya Karya Tbk (Persero) (WIKA), also known as PT WIKA, will be required to distribute IDR 571 billion to cover the payments of the Shelf Registration Bond II Wijaya Karya Stage I 2021 Series A.
On September 9, when the Shelf Registration Bond IV Medco Energi Internasional Stage I 2021 Series A, owned by PT Medco Energi Internasional Tbk (MEDC), matures, this issuer engaged in the exploration and production of oil and natural gas will follow suit. MEDC needs to distribute IDR 400 billion of fresh funding to the bondholders. The national bank PT Bank KB Bukopin Tbk (BBKP) owns the Shelf Registration Bond I Bank KB Bukopin Stage I 2021, which also will mature on the same day as MEDC. As a result, this national bank must also get ready to pay its investors a huge sum, up to IDR 1 trillion.
Lastly, September 14 will be the exact date PT Global Mediacom Tbk (BMTR) bonds are supposed to mature. The media and broadcasting-focused subsidiary of the MNC Group will settle Shelf Registration Bond II Global Mediacom Stage II 2021 Series B's debt, which amounts to IDR 20.40 billion. (KD)
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