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CORPORATE STRATEGIC - JAKARTA. PT Wijaya Karya Tbk (WIKA) has received approval for the extension of the principal repayment date for bonds and sukuk.
The approval was obtained at the General Meeting of Bondholders (RUPO) and the General Meeting of Sukuk Holders (RUPSU) held in Jakarta, Friday (16/2).
WIKA's Corporate Secretary Mahendra Vijaya said, bondholders and sukuk holders have agreed to extend the principal repayment date of the Continuous Public Offering (PUB) I Phase II 2021 and Sukuk Mudharabah PUB I Phase II 2021, both for Series A.
According to Mahendra, the support of bondholders and sukuk holders shows the trust of the securities holders which has a positive impact on the progress of WIKA's fundamental strengthening efforts.
“This follows the support obtained from the banking sector through the Master Restructuring Agreement (MRA) and restructuring approval by shareholders through RUPSLB,” he said in a written statement, Saturday (17/2).
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Mahendra affirmed, WIKA consistently shows commitment by still paying the interest due on Bonds and Sukuk PUB II Phase II 2021 on February 18, 2024 amounting to IDR 46.5 billion.
“WIKA is optimistic, the support obtained is part of WIKA's steps with stakeholders in strengthening the steps to run a sustainable business,” he said.
For information, WIKA along with 11 financial institutions have agreed to a restructuring outlined in the MRA with an outstanding value of IDR 20.58 trillion.
The eleven financial institutions that agreed to WIKA's restructuring are PT Bank Mandiri Tbk (BMRI), PT Bank Negara Indonesia Tbk (BBNI), PT Bank Rakyat Indonesia Tbk (BBRI), and PT Bank Tabungan Negara Tbk (BBTN).
Then, PT Bank Syariah Indonesia Tbk (BRIS), PT Bank HSBC Indonesia, PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR), PT Bank ICBC Indonesia, PT Bank DKI, PT Bank Pan Indonesia Tbk (PNBN), and the Indonesian Export Financing Agency (LPEI).
