JAKARTA - PT Sampoerna Agro Tbk (SGRO) is ready to dig into its pockets to pay off its bonds and sukuk which will mature on March 3, 2025.

Quoted on Monday (10/2), Heri Harjanto, Director of SGRO said that the company has prepared funds to pay off Shelf Registration Bonds I Phase I 2022 Series B IDR 91.5 billion and Shelf Registration Sukuk Ijarah I Phase I 2020 Series B IDR 125 billion.

It is known that the Shelf Registration Bonds I Phase I 2020 are worth IDR 300 billion, consisting of Series A IDR 208.5 billion with a term of three years and Series B IDR 91.5 billion with a term of five years. Shelf Registration Sukuk Ijarah I Phase I 2020 worth IDR 300 billion, consisting of Series A of IDR 175 billion with Ijarah installments of IDR 16,363 per year for three years and Series B of IDR 125 billion with Ijarah rewards of IDR 12,188 per year for five years.

The bonds and Sukuk were each released on March 4, 2020. The interest rates (fixed rated) for the bonds and sukuk were each set at 9.75% per year and the interest payment frequency was quarterly.

As of September 2024, SGRO's cash and cash equivalents were recorded at IDR 422.61 billion. Total current assets are IDR 1.75 trillion and total short-term liabilities IDR 1.69 trillion. (LK/LM)