TPS Food Telat Bayar Debt, Director: Medium Restructuring

- PT Tiga Pilar Sejahtera Food Tbk ( AISA ) to pay the bond debt interest.The company said it was restructuring its debt.

Launching information disclosure on Friday (6/7/2018), AISA has been late in paying the 21st interest on bonds and sukuk ijarah TPS Food I Year 2013.

" that PT Tiga Pilar Sejahtera Food Tbk has not been able to deposit funds into KSEI's account for payment of bond and sukuk interest, "said AISA President Director Joko Mogoginta.

Payment of interest on bonds and sukuk ijarah TPS Food I Year 2013 to-21 falls on July 5, 2018 yesterday.The company is known not to pay until now.

Joko confirms that the company is working on the process of restructuring the bonds and sukuk.Management promises to provide information on the continuation of the process.

Just for information, TPS Food issues bonds and sukuk ijarah (sukuk) TPS Food I valued at Rp 600 billion and Rp 300 billion on April 1, 2013.

Indonesia this will mature on April 5, 2018 with a fixed interest rate of 10.25%.Interest and ijarah fee are paid every 3 (three) months.

However due to financial reasons, the company proposes an extension of payment of bonds up to 12 months after the due date.That means the company is still paying interest.

The company that once engaged in rice industry is indeed experiencing long problems.Initially, when its subsidiary PT Indo Beras Unggul (IBU) was accused of subsidizing rice rice into premium rice.It led to the sale of its rice business line.

Source :
LABEL : [tps food, pt mother, bond]

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