December marks maturity of three Indah Kiat Pulp & Paper bonds
JAKARTA - Nineteen bonds issued by fifteen issuers are expected to mature at the conclusion of this year. PT Indah Kiat Pulp & Paper Tbk (INKP), a manufacturer of paper and cardboard packaging, owns three of these bonds. On December 1, INKP's first bond, worth IDR 16.89 billion, will mature. The next day, a USD bond for USD 251 thousand will mature. A third bond debt of IDR 878.81 billion must also be paid by this issuer on December 8.
Additionally, two additional bonds—worth IDR 49 billion held by steel pipe and tube manufacturer PT Steel Pipe Industry of Indonesia Tbk (ISSP) or Spindo and IDR 157.82 billion held by PT Provident Investasi Bersama Tbk (PALM), an investment firm involved in the primary consumer goods and agricultural food product industries—will mature on December 2. The following day, PT Mandala Multifinance Tbk (MFIN) will have to pay IDR 350 billion in bonds out of its pocket.
The financial institution PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR) has to have the money ready on December 6 in order to pay off two debts totaling IDR 693 billion and IDR 780 billion simultaneously.
On December 11, PT Bumi Resources Tbk (BUMI), a mining holding company, will issue a bond payment for IDR 1.44 billion. Next, the IDR 13.45 billion bond issued by cable manufacturer PT Voksel Electric Tbk (VOKS), the IDR 229.75 billion bond issued by petrochemical business PT Chandra Asri Pacific (TPIA), and the IDR 360 billion bond issued by telecoms company PT Indosat Tbk (ISAT) are all scheduled to mature on the 12th. Then, on December 15, PT Tower Bersama Infrastructure Tbk (TBIG), a provider of telecommunications infrastructure, will record the largest bond debt payment this month, totaling IDR 1.51 trillion.
On the 19th, PT Bank Cimb Niaga Tbk (BNGA) must pay IDR 83 billion and IDR 481 billion to its investors for two different bonds, followed by energy company PT Barito Pacific Tbk (BRPT) with IDR 271 billion and gold jewelry manufacturer PT Hartadinata Abadi Tbk (HRTA) with IDR 600 billion. This year's final two maturing notes, bonds worth IDR 44.70 billion from industrial gas issuer PT Samator Indo Gas Tbk (AGII) and bonds worth IDR 800.98 billion from metal ore mining issuer PT Merdeka Copper Tbk (MDKA), are set to mature on December 22. (KD)
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