AKRA settles Maturing Bond of Rp895 Billion

JAKARTA, July 7th 2020 - PT AKR Corporindo Tbk (IDX ticker code: AKRA.IJ) effected payment Shelf Registration Bonds I AKR Corporindo Series A 1st Tranche Year 2017 which matured today.

The bond which carried a fixed interest rate of 8.4% per annum was issued on July 7, 2017. 

The Company has carried out the settlement of principal Bond of Rp.895 Billion utilizing the Bank loans facility and internal cash of the Company. 

In the first quarter of 2020, the Company reported Net Profit growth + 13% / y / y accounted Rp228 Billion compared to the first quarter of 2019. The company has strong balance sheet and solid fundamental, where net gearing in the first quarter remained low at 0.30x.

Following the repayment of Shelf-Registration Bonds I AKR Corporindo Series A 1st Tranche Year 2017, the outstanding Bonds are as follows;