JAKARTA - PT Ketrosden Triasmitra Tbk (KETR) will pay off series A of Bonds of KETR I Year 2020 with a principal of IDR 415 billion, which will mature on January 8, 2024.

In the information disclosure quoted Friday (8/12), Vidcy Octory, Director of Finance of KETR, confirmed that the company will deposit the obligation payment to the account of Indonesia Central Securities Depository (KSEI) according to the specified schedule.

In September 2023, KETR’s total assets reached IDR 1.77 trillion, surpassing IDR 1.60 trillion recorded in December 2022. However, its cash and cash equivalent were IDR 38.55 billion, down from IDR 278.19 billion in December 2022.

Its total liabilities also rose to IDR 828.29 billion, higher than liabilities seen in December 2022 of IDR 739.93 billion. Net outstanding bonds are IDR 582.05 billion, slightly increasing from IDR 580.90 billion seen in December 2022.

Bonds of KETR I was issued on January 8, 2021, equipped with an interest rate of 6.8% per annum set for three years. The maturity date falls on January 8, 2023. The proceeds of this obligations are allocated to pay back loans of PT Jejaring Mitra Persada, KETR’s subsidiary, in relation to Jayabaya Cable System project, as well as a purchase of a tugboat. (LK/ZH)