PT SMI, an Infrastructure Financing Company Ready to Pay IDR 199.2 Billion Bonds
The state-owned finance company PT Sarana Multi Infrastruktur (Persero) stated the readiness of funds to pay the principal repayment of the 2018 Series B Shelf-Registered Bonds I Phase III.
"The principal nominal value of the bonds is IDR 199.2 billion, with a maturity date of December 4, 2021," said PT SMI President Director Edwin Syahruzad in an information disclosure on the Indonesia Stock Exchange (IDX), Thursday, August 26, 2021.
Meanwhile, last month the company also stated that it was ready to pay Shelf Registration Bonds II Phase IV Year 2020 Series A amounting to IDR 1.04 trillion.
The Company stated that this corporate action did not have an impact on events, information or material facts on its operational activities or business continuity.
For information, the SMII-coded issuer's revenue was recorded at IDR 2.6 trillion as of June 2021. This number decreased by 3.7% year-on-year (yoy) compared to IDR 2.7 trillion as of June 2020.
The profit for the current period of PT SMI during the first semester of 2021 was recorded at IDR 856 billion, with total assets of IDR 118.9 trillion.
Last year, the company carried out the task of the Ministry of Finance (Kemenkeu) to distribute National Economic Recovery (PEN) funds of IDR 20 trillion.
This amount comes from the State Revenue and Expenditure Budget (APBN) of IDR 10 trillion, and the remaining IDR 10 trillion from the company. These funds are channeled to the Regional Government (Pemda) and State-Owned Enterprises (BUMN).
In addition, PT SMI also disburses PEN in the form of government investment worth IDR 15 trillion to three SOEs, namely PT Kereta Api Indonesia (Persero), PT Krakatau Steel (Persero) Tbk and PT Garuda Indonesia (Persero) Tbk.
Source: trenasia.comBack to News