JAKARTA – PT Wijaya Karya (Persero) Tbk (WIKA) management has initiated new negotiations for the payment of its Series A of Bonds and Sukuk Mudharabah Year 2022.

This was conveyed by Mahendra Vijaya, Corporate Secretary of WIKA, following the announcement that WIKA has been unable to fulfil the due payments for both debt securities.

Mahendra mentioned that WIKA plans to resume discussions with the trustee, as well as bondholders and sukuk holders, through a General Meeting of Bondholders (GMBH) and a General Meeting of Sukuk Holders (GMSH).

WIKA previously issued IDR 593.95 billion in Shelf-Registration Bonds II Phase II 2022 Series A and IDR 412.90 billion in Shelf-Registration Sukuk Mudharabah II Phase II 2022 Series A, both with a three-year tenure.

Before the recent due date, WIKA's management held RUPO and RUPSU meetings on December 16 and 17, 2024, and again on February 4, 2025. However, these meetings failed to reach a unanimous decision.

WIKA’s next RUPO and RUPSU are expected to take place within 28 days of February 4, 2025, or shortly after the most recent meetings. (LK/KR/ZH)