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Jakarta – PT Tiga Pilar Food Sejahtera Tbk (AISA) is late paying interest on the bond debt. The company said it was restructuring its debt.
AISA was late in paying the 21st interest on ikuda bonds and sukuk of TPS Food I Year 2013.
"With this we inform that PT Tiga Pilar Food Sejahtera Tbk does not not been able to deposit funds into KSEI's account for bond interest payments and sukuk, "said Joko Mogoginta, chairman of AISA, July 5, 2018, yesterday.The company is known to not pay up to now.
Joko confirmed that the company is working on the process of restructuring bonds and sukuk.Management has promised to provide information on the continuation of the process
TPS Food issues bonds and sukuk ijarah (sukuk) TPS Food I valued at Rp 600 billion and Rp 300 billion on April 1, 2013.
and sukuk ijarah will mature on April 5, 2018 with a fixed interest rate of 10.25 % The interest and fees of ijarah are paid all three (3) months
However, for financial reasons, the company proposes an extension of the payment of the bonds until 12 months after the due date. This means that the company continues to pay interest.
The company that is engaged in the rice industry is indeed experiencing a long problem. Initially, when its subsidiary PT Indo Beras Unggul (IBU) was accused of subsidizing high-end rice rice rice. It led to the sale of its rice business.
(eds / eds)
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