JAKARTA – PT Timah Tbk (TINS) shares have not received a positive sentiment in the early trading session, despite the company repaying the principal and interest on its Medium Term Notes I 2022 on Tuesday (4/3).

Data from the Indonesia Stock Exchange (IDX) gathered on Tuesday (4/3) shows that TINS shares declined by 2.07% or IDR 20 to IDR 945 at 10:00 WIB. The company’s stock opened at IDR 965, briefly reaching a high of IDR 970 and a low of IDR 940 per share.

In the past week, the company’s stock has fallen 4.55% or IDR 45. Over the past month, TINS shares have fluctuated with a downward trend of 1.56% or IDR 15 per share.

On the other hand, TINS has paid the principal of its MTN I 2022 amounting to IDR 391.25 billion and the 11th interest payment of IDR 4.61 billion to PT Kustodian Sentral Efek Indonesia (KSEI) yesterday (3/3).

According to the disclosure of information, Rendi Kurniawan, Division Head of Corporate Secretary TINS, stated that the 11th interest payment and full repurchase of the MTN from KSEI is scheduled for today (4/3).

For your information, TINS issued MTN I 2022 on October 5, 2022 with a principal amount of IDR 626 billion. On November 29, 2024, TINS repurchased IDR 234.75 billion with an annual interest rate of 7.20%. (LK/ZH)