JAKARTA - PT Waskita Karya Realty (WKR), a subsidiary of PT Waskita Karya (Persero) Tbk (WSKT), is restructuring Medium Term Notes III Year 2022 worth IDR 475 billion.

In the information disclosure quoted Wednesday (20/12), Muhammad Hanugroho, President Director of WSKT, said that the restructuring will improve WKR’s financial condition. “PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR) and Saving and Loan Cooperative Unit (Kospin) Jasa agree upon the extension of tenor of MTN III WKR 2022 from 3 years to 3 years 9 months since the issuance,” he added.

In addition, MTN holders also agreed upon the postponement of payment of MTN Phase I to IV for one coupon period of 3 months, as well as the amendment of MTN issuance agreement and appendix table in said agreement. (LK/ZH)