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Garuda Indonesia to seek 3-year maturity extension for $500 mln sukuk


Rabu, 20 Mei 2020 / 09:36 WIB
Garuda Indonesia to seek 3-year maturity extension for $500 mln sukuk
ILUSTRASI. Pramugari menunjukkan kabin pesawat terbaru Garuda Indonesia A330-900 Neo saat peluncuran di hanggar 2 GMF Aero Asia, Bandara Soekarno Hatta, Tangerang, Banten, Rabu (27/11/2019).

Sumber: Reuters | Editor: Yudho Winarto

KONTAN.CO.ID - JAKARTA. Airline PT Garuda Indonesia is preparing to propose a 3-year maturity extension to its $500 million Islamic bonds that are coming due on June 3, the company said in a statement late on Tuesday.

Baca Juga: Garuda Indonesia (GIAA) mengajukan perpanjangan waktu pelunasan sukuk global

Garuda said it has submitted the proposal to Indonesia's Financial Services Authority, as well to bondholders through the Indonesia and Singapore stock exchanges, and the company will seek holders' approval on June 10.

Garuda is struggling to repay its debt as the coronavirus outbreak disrupts air travels globally.



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