JAKARTA – Indonesia Stock Exchange (IDX) has lifted the trading suspension on shares of PT Kapuas Prima Coal Tbk (ZINC) across all markets on Friday (21/2), following the company's fulfillment of its obligation to pay the principal amortization and interest on its 2018 Series E Bonds I, yesterday (19/2).

Mita Dwijayanti, Acting Head of IDX Corporate Assessment Division 3, stated that ZINC had successfully met its obligations concerning the 12th principal amortization payment and the 24th interest payment on its 2018 Kapuas Prima Coal Bonds I (ZINC01E).

"The stock exchange decided to lift the temporary suspension on trading of the company's shares across all markets, effective from the first session of the Periodic Call Auction," she explained on Friday (21/2).

Harjanto Widjaja, President Director of ZINC, confirmed that the company had made payments totalling IDR 2.28 billion for interest, amortization, and penalties on the bonds (ZINC01E). This amount includes a gross bond interest payment of IDR 603.22 million, an amortization payment of IDR 1.66 billion, a seven-day gross interest penalty of IDR 4.22 million, and a seven-day amortization penalty of IDR 11.66 million.

The 2018 Kapuas Prima Coal Bonds I Series E, worth IDR 9.99 billion, are set to mature on August 13, 2025, with a fixed interest rate of 17.8% per year, paid quarterly. The bond was first issued on December 26, 2018. (LK/ZH)