/Early in 2021, four companies defaulted on MTN fascination, one particular of which was Maxx Coffee

Early in 2021, four companies defaulted on MTN fascination, one particular of which was Maxx Coffee

Reporter: Avanty Nurdiana | Editor: Avanty Nurdiana

KONTAN.CO.ID – JAKARTA. In the new calendar year, it turns out that there are nevertheless a variety of corporations that postpone bond desire payments. Dependent on details gathered at the Indonesian Central Securities Depository (KSEI), 4 businesses have postponed payment of desire on medium time period notes (MTN).

The 4 MTNs involve:

1. MTN I Oligo Infrastruktur Indonesia Series B
In KSEI’s disclosure of information and facts, Oligo Infrastruktur Indonesia should really fork out the 4th fascination on January 11, 2021. On the other hand, the fascination payment system for the MTN I Oligo Infrastruktur Indonesia sequence B must be postponed and it has not been discussed when the curiosity for the 4th MTN will be compensated.

Also Read through: In January 2021, personal debt securities maturing will achieve IDR 1.8 trillion

MTN I Oligo Infrastruktur Indonesia series B has a principal value of Rp 100 billion and will experienced on January 10, 2023. This MTN pays a set curiosity fee of 11% per yr.

Oligo Infrastruktur Indonesia also has one more MTN sequence, namely MTN I Oligo Infrastruktur Indonesia series B, which will mature on December 10, 2022 with a principal price of IDR 100 billion. MTN I Oligo Infrastruktur Indonesia series B also pays an desire of 11% per year.

Oligo Infrastruktur is an infrastructure enterprise that has a amount of assignments these kinds of as the built-in inventory processing of Rawa Kucing which is owned by the Tangerang Metropolis Authorities.

The enterprise site points out that the investment decision worth for this integrated inventory processing task is US $ 185 million. Not only that, Oligo Infrastruktur also has quite a few cooperation initiatives with the Tangerang city governing administration.

Also Study: Four Companies Do Not Pay MTN Curiosity On Time, Which include Ta Wan Restaurant Supervisor

2. MTN Rekapastika Asri I in 2019 collection A.
This MTN owned by Rekapastika Asri is supposed to fork out curiosity on January 15, 2021. On the other hand, the system has been postponed and it is not distinct when the program for the 7th desire payment will be compensated.

“Because of to the ineffectiveness of the 7th MTN Rekapastika Asri I Yr 2019 series A fascination resources in the KSEI account according to the predetermined time,” spelled out Syafruddin, Director of KSEI in an facts disclosure on January 14, 2021. MTN Rekapastika Asri I 2019 series A has a principal worth of Rp. 299.96 billion.

MTN Rekapastika Asri I 2019 series A will mature on April 15, 2024 and fork out a preset curiosity charge of 12.3% per annum. Rekapastika Asri is a residence and serious estate corporation that owns a variety of lands in Bekasi.

3. MTN Maxx Coffee Prima I 2018 series Advert
PT Maxx Espresso Prima also unsuccessful to fork out MTN desire on time. In the disclosure of details at KSEI, Maxx Espresso Prima was supposed to pay back desire on January 18, 2021, but the approach experienced to be postponed mainly because resources ended up not however readily available. The whole benefit of MTN owned by the Lippo Team coffee shop is IDR 89.47 billion.

The MTN is composed of 4 collection and will mature on April 16, 2023. The four MTN collection owned by Maxx Coffee Primaini pay back a fastened fascination charge of 11.5% for each annum.

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Very first, is MTN Maxx Espresso Prima I in 2018 collection A which need to spend the coupon 11th. MTN Maxx Espresso collection A is truly worth a principal of IDR 39.9 billion.

Next, MTN Maxx Espresso Prima I in 2018 collection B which failed to pay out desire to 11. MTN Maxx Coffee series B has a principal price of Rp. 10 billion.

Third, MTN Maxx Coffee Prima I in 2018 series C which unsuccessful to pay back curiosity to the 11th with a principal value of IDR 19.6 billion. Ultimately, MTN Maxx Espresso Prima I in 2018 sequence D failed to pay back fascination on the 12th with a principal benefit of IDR 20.87 billion.

4. MTN Pasir Berlian I in 2016 AC collection
PT Pasir Berlian was meant to pay out the 16th MTN desire alongside with the principal on 18 January 2021. But the prepare unsuccessful to be applied due to the fact there was no availability of cash. The company, which is engaged in property and genuine estate, will have to pay back interest for five a long time at 12.75% for every year.

Also Go through: MTN really worth Rp 132.84 billion attacked the market place

Berlian Pasir’s a few MTN series have a total benefit of Rp 279.54 billion. It is made up of IDR 179.7 billion for sequence A, IDR 71.2 billion for series B MTN and IDR 28.64 billion for series C MTN. Pasir Berlian I’s MTN 2016 AC collection ought to mature on January 17, 2021.

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